Cryptocurrencies have revolutionised the way investors view assets, and now a new battle is being waged to pioneer the world of digital asset ETFs. As Bitcoin-focused funds surge in popularity, can other crypto ETFs keep up? The showdown is on.
Cryptocurrency funds saw a staggering $342 million outflow over the last week, but the world’s largest digital asset, Bitcoin, was largely unaffected. Despite the bombastic losses, Bitcoin is still here to stay.
In H1, BTC hodlers outperformed crypto funds by 69% according to 21e6 Capital. The analysis showed that, despite increased market volatility, retail investors in crypto had seen a greater return on their investments than those who had chosen to invest in funds.
Exchanges including Binance Huobi and OKEx are facilitating the trade of crypto funds linked to fentanyl according to a new report by blockchain analytics firm Elliptic