Bitcoin ETFs slump this week after SEC charges in crypto industry
Exchange-traded funds that focus on bitcoin are slumping so far this week as the cryptocurrency fell under pressure after the Securities and Exchange Commission separately announced charges against Coinbase Global Inc. and Binance Holdings
Bitcoin was trading around $26,000 on Tuesday, FactSet data show, at last check. That's down from around $30,000 in April.
Other crypto-related ETFs have slid this week, including a weekly drop of around 9% for the Global X Blockchain & Bitcoin Strategy ETF (BITS) and a fall of around 6% for the
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
June 06, 2023 10:49 ET (14:49 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.