TechFlow news, according to The Block, analysts say that since the launch of spot BTC ETFs in the United States, outflows from European bitcoin ETPs have increased.
CoinShares researcher Luke Nolan pointed out that this market shift indicates a trend where U.S. institutional traders may be shifting their investment strategies toward recently approved U.S. spot Bitcoin ETFs.
Nolan said: "There has been significant outflow from European Bitcoin ETPs. Prior to the approval of multiple spot Bitcoin ETFs, many U.S. institutions used European ETPs for basis trading with virtually no regulatory risk. However, with the new U.S. products now approved, these institutions may find it more cost-effective or convenient to execute the same basis trades domestically."
