Crypto ETFs Bleed $1.5B as Bitcoin Funds Extend Losses
By Michael B
Institutional demand for crypto ETFs investment products continued to weaken last week, with US spot Bitcoin exchange-traded funds (ETFs) recording more than $1 billion in withdrawals for the second consecutive week. The selling extended across most digital asset funds, leaving Avalanche ETFs as the only category…
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Explained in this story
Exchange-traded fund
An investment fund that holds a basket of assets, such as the shares in an index, and trades on a stock exchange like a single share.
ETFs offer low-cost, diversified investing and are a fast-growing way people save.
More about Exchange-traded fundCryptocurrency
A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.
Crypto prices are volatile, and governments are still deciding how to regulate it.
More about CryptocurrencyBitcoin
The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.
Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.
More about BitcoinMore in Finance
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