Data shows Bitcoin spot exchange-traded funds (ETFs) are down $3.29 billion from their all-time high (ATH) after the latest wave of outflows.

Bitcoin Spot ETFs Are Experiencing Their Second-Largest Drawdown Ever

In a new post on X, CryptoQuant community analyst Maartunn has talked about how the holdings attached to the US Bitcoin spot ETFs are currently looking. Spot ETFs refer to investment vehicles that allow an investor to gain exposure to an underlying asset’s price movements without having to directly own said asset.

In the context of cryptocurrencies, this means that the ETF holder never has to interact with a digital asset exchange or make any transactions on the blockchain; the fund buys and holds the coin on their behalf. Spot ETFs are a relatively recent phenomenon in the

See Full Page