According to Eric Balchunas citing @ETFhearsay, European exchange-traded funds (ETFs) are on track to surpass last year's record inflows despite negative headlines. This momentum is supported by a strong performance in European stocks throughout the year, which traditionally attracts more capital to ETFs (source: Eric Balchunas, Twitter, June 12, 2025). The robust ETF inflows suggest growing investor risk appetite and increased demand for diversified asset exposure, a trend that often correlates with heightened activity and capital movement in the cryptocurrency market as investors pursue alternative returns.