Signs of stress are flashing across spot-Bitcoin exchange-traded funds after the cryptocurrency sank to a two-month low. Prices of some of the largest ETFs tracking the token notched the steepest discounts to the value of underlying assets in their short history on Tuesday after Bitcoin slumped about 5%. Losses continued on Wednesday, with the original cryptocurrency dropping as much as 5.6%. The $16 billion iShares Bitcoin Trust (ticker IBIT) on Tuesday closed about 1.7% below its net asset value — the largest dislocation since it began trading in January. The $9 billion Fidelity Wise Origin Bitcoin Fund (FBTC) saw ... (full story)