According to Patrick Hansen, who’s the EU Strategy and Policy Director, at Circle it has been mentioned that there are approvals for certain Bitcoin ETFs in the United States.
However investors from the European Union won’t have the opportunity to invest in these options. It is worth noting that Europe has had Bitcoin ETP/ETNs for quite some time but the largest Bitcoin ETC fund size is only 1 billion euros.
The difference in costs between approved U.S. Bitcoin ETFs by the SEC and existing European Bitcoin ETP/ETN fees is more significant.
Although it took some time for the U.S. To catch up if these anticipated Bitcoin ETFs receive approval investors from the United States will have access to safer choices when it comes to Bitcoin security products compared to their counterparts, in Europe. As a result of the overall size of the U.S. Capital market U.S. based Bitcoin ETFs will instantly overshadow similar EU ETP/ETN products in terms of scale and impact.