CryptocurrencyThe market experienced a wave of bloodbaths following the Fed’s release of important hawks. Bitcoin fell to a low point in September last year. The Bitcoin futures ETF, which used to go public and attracted a large amount of capital, has also become nearly two months in one night. One of the top 10 ETF losers.
The large-scale withdrawal of digital currency funds is related to the Fed’s preparation to withdraw its ultra-loose monetary policy, and is affected by the Fed’s plan to accelerate interest rate hikes and shrink balance sheets.Bitcoin Fell 2.8% to 41911.98 in 24 hours Dollar, Approaching the low point since the end of September last year.
And ProShares, which was listed at the end of October last year, BitcoinStrategic ETF (BITO-US), the stock price plummeted 30% within two months of listing, becoming one of the 10 worst performing ETFs.
ProShares BitcoinThe strategy ETF fell nearly 9% this week alone. Flow data show that the initial market madness has turned into panic. Since 2022, there has not been a day of net inflow of funds in this ETF.
When this ETF debuted, the turnover (Turnover) amounted to nearly US$1 billion.The fund also attracted US$1 billion in funding in just two days, setting a historical record and highlighting the market’s interest inBitcoinStrong demand is suppressed.
Due to various regulatory issues, the United States has not yet shown direct holdingsBitcoinETF. ProShares BitcoinStrategic ETF main bindingBitcoinFutures contracts are established in accordance with mutual fund regulations. US Securities and Exchange Commission (SEC) Chairman Gary Gensler said that the regulations provide important protection for investors.
Bloomberg analyst Athanasios Psarofagis said that the current performance does not necessarily affect the future industry growth. There have been some bumps in the process following the launch of ETFs in the past, but it is still possible to raise funds from the market in the end.
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