A Dark Day For Crypto ETF As Markets Tumble


20h05 ▪
5
min read ▪ by
Luc Jose A.

Crypto ETFs are going through their strongest turbulence zone in weeks. In a single session, nearly one billion dollars were withdrawn from funds backed by bitcoin and Ether, in a fragile market context. This wave of withdrawals, which coincides with a sharp drop in prices, reveals a reversal in investor sentiment. As the two flagship assets falter, institutional investor confidence also seems to be retreating.

A giant cracked safe is tilted at an angle, creating an impression of imbalance. The door is ajar, releasing a stream of money and crypto symbols. A trader in a dark suit stands in front of the safe, trying to hold it back with his hands. From inside the safe, green bills, Bitcoin coins, and Ethereum logos pour out in a cascade.A giant cracked safe is tilted at an angle, creating an impression of imbalance. The door is ajar, releasing a stream of money and crypto symbols. A trader in a dark suit stands in front of the safe, trying to hold it back with his hands. From inside the safe, green bills, Bitcoin coins, and Ethereum logos pour out in a cascade.

In Brief

  • Nearly one billion dollars were withdrawn from ETFs backed by Bitcoin and Ethereum…

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