Crypto Down And ETFs Follow

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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.


Maintain Your Horses! A Space Bitcoin ETF May perhaps well also Already Be Priced into Crypto.

There is a growing belief that the recent price surge in bitcoin could already factor in the potential approval of a spot Bitcoin ETF- a pivotal strategic investment move that holds significant influence in the crypto market. Investors and financial enthusiasts alike are keenly awaiting regulatory approval, a decision that could potentially catalyze the future growth trajectory of bitcoin prices. This speculation underscores not only the potential value that bitcoin holds as a digital asset but also the evolving role of institutional reactiveness in the cryptocurrency landscape.

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