ETFs in a Tailspin: Why Bitcoin and Ether Investors are Fleeing Like It’s 2022!

Let’s take a moment to appreciate the sheer artistry of investors pulling capital from these crypto ETFs like they’re fleeing a zombie apocalypse. Bitcoin’s spot ETFs bled a hefty $410.37 million this week, and trust me, it wasn’t just a small cut. Ten funds joined in on the fun, but Blackrock’s IBIT led the charge downwards with a whopping $157.56 million gone. Fidelity’s FBTC and Grayscale’s GBTC also felt the love-or lack thereof-with losses of $104.13 million and $59.12 million, respectively. Grayscale’s Bitcoin Mini Trust didn’t escape either, shedding $33.54 million, while Ark & 21shares’ ARKB lost $31.55 million. Talk about a collective “Oh no, what have we done?”


