How ETFs Fared in the Sell Off

Bitcoin and Ethereum may have fallen like the rest of the markets last Monday but there is a second dimension to cryptos.

ETFs that are now subject to the spot prices of cryptos are directly affected by changes in traditional markets. Because of this fact and not because of the fundamentals in cryptos, both Bitcoin and Ethereum recovered relatively quickly.

Of course, there is much more dispersion of investors as ETFs have also brought many institutional wallets into cryptos, making the market much deeper and making moves much more difficult.

Trading in Bitcoin ETFs reached $5.2 billion during the week, while those for Ethereum reached $49 million.

We will wait for the markets to calm down so that the true value of cryptos can be seen and reflected in their price….

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