$BTC ETFs Record Their Worst Week Since April

**June 21, 2024** - Bitcoin exchange-traded funds (ETFs) have suffered their worst weekly performance since April. Despite a recent price increase of $BTC

, which is currently around $64,124, the ETFs have not followed the same upward trend.

Despite Bitcoin's rise, the market remains mostly bearish, which has led to sell-offs in ETFs.

Investors are accumulating Bitcoin in private wallets rather than through ETFs, reducing demand for these products.-

**Short Liquidations**: The recent price rise has caused liquidations of short positions, increasing volatility in ETFs.- **Regulatory Uncertainty**: Possible new regulations have increased the perception of risk, negatively affecting ETFs. $BTC

## Impact on Investors:

This performance highlights the volatility of the cryptocurrency market and the need for careful management of investments in derivative products such as ETFs. Despite Recent Declines, Many Analysts Maintain a Positive Long-Term View on Bitcoin