Bitcoin has fallen 35% over the past year, creating the widest performance gap versus the Nasdaq-100 since 2019. Options trading shows growing bearish sentiment, with more puts than calls on crypto equities like iShares Bitcoin Trust and Michael Saylor's Strategy. Factors include Strategy selling bitcoin after four years, investors preparing for IPOs, and shifting interest to alternative crypto derivatives. Rising interest rates remain a key pressure, as seen in past crypto downturns during Fed hikes, suggesting scarcity assets like bitcoin are losing favor compared to stocks driven by innovation and productivity.
US spot Bitcoin ETFs have experienced 12 consecutive days of cash outflows, liquidating nearly $4 billion worth of BTC. The largest outflows came from BlackRock’s iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund. This sell-off has contri...
State Street Investment Management's Midyear Outlook highlights a market showing both resilience and fragility, with strong economic growth and earnings but low consumer confidence and rising inflation. Investors are actively using ETFs to diversify ...
