Crypto ETFs Experience Volatility: Outflows, Price Crashes, and Record Inflows
TL;DR Summary
The cryptocurrency market has experienced a significant crash, with Bitcoin, Ethereum, XRP, Solana, and Dogecoin all plummeting in value, losing around $300 billion in total. This drop is attributed to cash outflows from Grayscale's new spot Bitcoin exchange-traded fund (ETF) and concerns about the Federal Reserve delaying interest rate cuts. Despite the volatility, experts advise traders to remain calm and focus on long-term perspectives, while Bitcoin and crypto traders are closely monitoring support levels around $63,000 per Bitcoin.
- 'Keep Calm'—Fed Sparks $300 Billion Crypto ETF Price Crash, Hitting Bitcoin, Ethereum, XRP, Solana And Dogecoin Forbes
- Cathie Wood's ARK Bitcoin ETF has record $87M outflow, surpassing GBTC Cointelegraph
- Crypto Funds Saw Inflows of $862M Last Week Following $1B of Outflows the Week Before: CoinShares CoinDesk
- Bitcoin ETFs start April with sharp drop MarketWatch
- Focus on bitcoin in Q1 overshadows broadening of US ETF landscape Reuters
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
3 min
vs 4 min read
Condensed
87%
610 → 78 words
Want the full story? Read the original article
Read on Forbes