Spot Bitcoin ETFs Show Resilience Despite 40% BTC Decline

Despite Bitcoin's 40% fall from October peaks, spot Bitcoin ETFs see only a 6.6% asset pullback, indicating investor confidence remains strong.

Bitcoin has experienced a significant downturn, plunging over 40% from its highs observed in October. Nevertheless, the reaction among investors with spot Bitcoin ETFs has been notably restrained.

According to Eric Balchunas from Bloomberg, the assets under management in these ETFs have only decreased by 6.6%. This minor withdrawal reflects a level of resilience and confidence among those investing in these funds, despite the volatility in the cryptocurrency market.