Bitcoin ETFs Face Losses As $2.8B Exits Amid Price Drop
Bitcoin ETFs are facing significant losses due to a $2.8 billion outflow amid a price drop, with the average purchase price now underwater. The funds, holding about $113 billion in assets, have seen Bitcoin's price fall from $84,000 to $74,600, leading to a 31.5% decline in total assets since October. Despite this, institutional investors are maintaining their positions, reflecting a long-term commitment. Concerns about a potential bear market are growing as Bitcoin's price continues to struggle, influenced by broader economic uncertainties.
Talkmarkets·