Reported about 1 year ago
Spot bitcoin ETFs experienced a significant drop in value as the price of Bitcoin plummeted to its lowest level since February. The BlackRock Bitcoin Trust, the largest fund in this category, saw a 6.5% decrease, while other major spot Bitcoin ETFs like the Grayscale Bitcoin Trust and Fidelity Wise Origin Bitcoin Fund also reported similar declines. This trend of outflows from Bitcoin ETFs and price decreases is attributed to various factors such as market volatility and regulatory uncertainties, with experts predicting potential challenges ahead for investors in this space.
Source: YAHOO