Even though, there have been ETPs linked to cryptocurrencies already trading in Europe for several years, the local market is much smaller compared to the U.S. - $13.6 billion versus $105 billion assets under management.

Cryptocurrency ETPs have been available in Europe for several years with a market size of around $13.6 billion, which remains modest compared to the U.S., where spot Bitcoin ETPs were approved in January 2024 and have since grown to $105 billion in assets