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Don’t Blame ETFs for Crypto’s Massive Volatility Spikes
There are two types of people in this world: traditional finance investors and DeFi cryptoheads, and they don’t always see eye to eye. Bitcoin is down roughly 25% year-to-date, fueling frustration in the crypto market. Some crypto purists blame exchange-traded funds, arguing they go against crypto’s decentralized spirit, shift focus to institutional players and introduce volatility. In February, investors pulled a record $3.3 billion from US spot-Bitcoin ETFs, Bloomberg reports, and critics argue those types of flows can exacerbate price changes more than retail trading. TradFi experts, however, say that’s a ... (full story)
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