Bitcoin down 20% since spot ETFs began trading
The initial frenzy following SEC approval of funds has subsided.
Bitcoin has fallen almost 20% since the Jan. 11 launch of the first exchange-traded funds investing directly in the token as speculators become more cautious about the potential impact of the products.
The digital asset spiked to $49,021 on the day the ETFs from issuers including BlackRock Inc. a
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