Bitcoin, Ethereum ETFs Of Asian Origin Record Lackluster Performance As Volatility And US Regulatory Uncertainty Keeps Investors Away
Portfolio Pulse from Aniket Verma
Asian-origin Bitcoin and Ethereum ETFs in Hong Kong have underperformed due to market volatility and US regulatory uncertainty. The ChinaAMC Bitcoin ETF and Bosera HashKey Bitcoin ETF have seen declines, with Ethereum-based ETFs experiencing even larger losses. The US election season is contributing to market turbulence, affecting both Asian and US-based cryptocurrency funds.
September 09, 2024 | 6:13 am
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Fidelity Wise Origin Bitcoin Fund experienced significant outflows, losing $85.52 million in Bitcoin, amid broader market volatility and US regulatory uncertainty.
The article highlights significant outflows from US-based Bitcoin funds, with Fidelity Wise Origin Bitcoin Fund leading the exodus. This suggests a negative short-term impact on the fund's performance due to market volatility and regulatory uncertainty.
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