BTC spot exchange-traded fund holders are in the red, may throw in the towel
CoinDesk
Bitcoin ETF investors are currently facing an average 15% paper loss, potentially leading to significant redemptions.Summary
Investors in U.S. spot Bitcoin ETFs are sitting on average paper losses of about 15% following Bitcoin's price drop to around $76,800, as their average purchase price was estimated near $90,200. This situation, where investors are "underwater," could trigger substantial ETF redemptions, especially from short-term traders, adding bearish pressure to the market. Demand for these ETFs has already slowed, resulting in three consecutive months of net outflows totaling $6.18 billion since October. While a deepening bear market could lead to full capitulation, analysts suggest that the long-term, "sticky" institutional capital invested in these ETFs makes a full-scale capitulation unlikely.
(Source：CoinDesk)