Crypto ETPs Saw ‘Abysmal’ Returns in June
— Firmly entrenched, Bitcoin ’, Us etfs, 30 pm et, Morningstar direct data obtained, Listed bitcoin futures, Effort, Digital transformation etf, Blockchain companies, Speaks — 1 min read
Worst-performing European ETPs last month were all crypto products. Digital asset-focused ETFs in the US also notched some of the worst returns during the month. 21Shares Aave ETP yielded -52.6% in June, according to Morningstar data. Seven of the 15 worst-performing funds in June were crypto-related funds, data shows. Bitcoin's price was about $19,620 at 12:30 pm ET, down roughly 0.5% from 24 hours ago and down about 34% from a month ago, Blockworks says. The company launched the first ETP within its planned “crypto winter’s suite last week in an effort to help investors navigate the challenging market environment. Source