TechFlow news, according to data from K33 Research, during the four weeks ending July 16, globally listed ETPs added 25,202 BTC in bitcoin-equivalent exposure, equivalent to $757 million, bringing the total to 196,824 BTC. This marks the second-highest monthly net inflow since ProShares launched its futures-based ETF and other futures-based ETFs in October 2021. Currently, ETP bitcoin-equivalent exposure is at its highest level since June 2022.
Vetle Lunde of K33 Research noted that BITO's bitcoin-equivalent exposure has reached a record high of 4,425 BTC. BITO is a compliant product offering investors returns linked to bitcoin and holds over $1 billion in CME bitcoin futures.
It is worth noting that ETPs are a class of listed products tracking underlying financial assets, while exchange-traded funds (ETFs) are a specific subset of ETPs, typically holding various financial instruments within a defined theme. Although the U.S. Securities and Exchange Commission (SEC) has faced challenges approving crypto-based ETFs, relatively speaking, Europe offers a wide range of ETP choices provided by numerous issuers.
