Bitcoin ETFs Lost $4.3B in Assets Since Mid-May. That May Be the Point

From thedailyupside.com

No pain, no gain, apparently. Crypto’s recent price swings have been hard to ignore. Bitcoin has fallen more than 40% over the past year, and since mid-May, spot bitcoin ETFs have lost more than $4.3 billion in assets. Volatility isn’t a flaw, though. It’s the entire appeal, according to industry experts at the ETP Forum in New York City last week. When allocated in small amounts, typically 1% to 5% of a portfolio, crypto can offer diversification benefits without exposing clients to outsized risk, panelists said. And if it underperforms, the damage is contained. “Volatility is a feature; it’s not a bug,” ... (full story)