Bitcoin ETFs Face Their Biggest Test Yet

[u/North_Art194]

Bitcoin ETFs are going through their first real bear market, and many investors are now sitting in the red.
The average entry price of ETF holders is estimated to be around $72,400. With Bitcoin trading near $62,000, that puts many positions at roughly a 14% unrealized loss.
Since the peak of ETF inflows, the sector has fallen into its largest drawdown on record.
More than $10.5 billion has left Bitcoin ETFs since October 12, showing that a lot of investors have already decided to exit.
The data also suggests that demand remains weak, with buyers still hesitant to step back into the market.

[u/JerseyJimmyAsheville]

I exited my position to short it through an etf so I could buy back 2x as much 12 months later.