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Crypto Down And ETFs Follow

Crypto ETFs are having a rough time lately with the price of Bitcoin falling 20% with prices as low as $22,800/BTC. The sudden drop has negatively impacted many ETFs tracking Bitcoin with the main four being, the Valkyrie Bitcoin Strategy ETF (BTF), the Grayscale Bitcoin Trust (GBTC), the ProShares Bitcoin Strategy ETF (BITO), and the VanEck Bitcoin Strategy ETF (XBTF) each dropping -21.4%,-21.1%, -21%, -21.1%, respectively.

ETF Newz Says:

This is the lowest BTC has fallen since December 2020 and with the recent market volatility the future for Bitcoin is unsure.