European crypto ETN and ETP report: Friday, June 10

All except one of the crypto investment vehicles tracked by The Block closed the week down on Friday following a tumultuous day of trading in Europe. 

The European Central Bank announced its first interest rate hike —  a 0.25% raise —  since 2011 on Thursday and on Friday stocks and investment vehicles traded down across the board as the market reacted.

Trading in Europe and the US was further impacted by the latest inflation numbers from across the Atlantic — US inflation hit a 41-year high of 8.6%.


Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

As a result of this rough macroeconomic background, several crypto ETNs and ETPs closed down significantly, including 21Shares Tezos and Cardano ETPs which lost 7.8%  and 6.12%, respectively.

Here's how some of the major European crypto investment vehicles performed on Friday, June 10:

About Author

Adam Morgan is a reporter covering cryptocurrency, financial markets, and economics – anything from price movements, earnings reports, and inflation to the U.S. Federal Reserve interest rate decisions and everything in between. Adam is based in London.