Bitcoin is down more than 40% from its October highs, but investors in spot Bitcoin ETFs have pulled 6.6% of assets.
Bitcoin ETFs barely flinch as BTC slides 40%, Bloomberg’s Eric Balchunas says
Bitcoin is down more than 40% from its October highs, but investors in spot Bitcoin ETFs have pulled 6.6% of assets.
Shares:
Market observers express concern over potential risks from crowded USD short positions, which could impact equities and crypto markets.
The company now holds 738,731 bitcoin purchased for about $56 billion and worth roughly $50 billion at the current price just shy of $68,000.
The partnership aims to create on-chain Real World Assets based on Investcorp's funds.
The daily burn rate of SHIB dropped by 63%, posing a challenge to its deflationary goals, according to CoinDesk's AI insights.