A Dark Day For Crypto ETF As Markets Tumble
20h05 ▪
5
min read ▪ by
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 In a single session, nearly one billion dollars were withdrawn from funds backed by bitcoin and Ether, in a fragile market context.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.
In Brief
- Nearly one billion dollars were withdrawn from ETFs backed by Bitcoin and Ethereum…