The performance of digital assets in recent months, especially bitcoin, has been testing investor conviction in both the category’s near-term growth potential as well as bitcoin’s standing as a gold-like store of value and a key character in the debasement trade story. As of mid-February, Bitcoin is down some 22% in 2026, extending its losses to about 45% from its October 2025 highs. It’s a sharp slide that has created a lot of heartburn. ETF investors have now pulled over $4.1 billion in net assets from crypto asset ETFs year-to-date, with spot bitcoin ETFs leading the outflows. The iShares Bitcoin Trust ETF (IBIT), ... (full story)