Crypto Crisis Shrinks ETF Assets in Market That Embraced Them – Bloomberg

Crypto Crisis Shrinks ETF Assets in Market That Embraced Them – Bloomberg

Blockchain Crypto Market Technology
November 26, 2022 by Coinvasity
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The Bitcoin, left, Ethereum, center and Dash logos on the window of a cryptocurrency exchange. Canadian-traded crypto ETFs had just C$1.64 billion in assets under management as of Nov. 18, according to calculations from National Bank of Canada analyst Daniel Straus.

Retail investors in Canada were quick to put money into cryptocurrency exchange-traded funds after regulators allowed a proliferation of products that track Bitcoin, Ether and other digital assets. They’ve lost most of it in a year. 
Canadian-traded crypto ETFs had just C$1.64 billion ($1.22 billion) in assets under management as of Nov. 18, according to calculations from National Bank of Canada analyst Daniel Straus. That’s down more than three-quarters from the C$7.3 billion value in those funds on Nov. 30 last year. 

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