• Bitcoin ETFs hold billions despite price crash, but resilience masks harsh reality Bitcoin spot ETFs in the United States still hold about $85 billion in assets, despite the BTC price crash. • What to know: Bitcoin spot ETFs in the United States still hold about $85 billion in assets, despite the BTC price crash. • Analyst Markus Thielen argues that this resilience reflects structural ETF ownership dominated by market makers, arbitrage-focused hedge funds and not just long-term holders. • Bitcoin exchange-traded funds (ETFs) continue to hold billions in assets despite bitcoin’s brutal price crash, but that staying power isn’t necessarily the bullish signal that many have come to believe. • According to one analyst, the resilience stems from market makers and arbitrageurs who trade in and out rather than die-hard long-term holders betting on price appreciation. • Bitcoin’sBTC$67,872.01price peaked above $126,000 in early October and recently crashed to nearly $60,000.
Article Summaries:
- Bitcoin ETFs hold billions despite price crash, but resilience masks harsh reality Bitcoin spot ETFs in the United States still hold about $85 billion in assets, despite the BTC price crash. What to know: - Bitcoin spot ETFs in the United States still hold about $85 billion in assets, despite the BTC price crash. - Analyst Markus Thielen argues that this resilience reflects structural ETF ownership dominated by market makers, arbitrage-focused hedge funds and not just long-term holders. Bitcoin exchange-traded funds (ETFs) continue to hold billions in assets despite bitcoin’s brutal price cras
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