At one point, I bookmarked four different Bitcoin ETFs (HODL, ARKB, EZBC, BITB) to observe how they behave in various market conditions.
According to Google's definition, “Spot ETFs are designed to hold an equivalent amount of the underlying asset that is represented by the ETF.”
So what happened today? While Bitcoin itself went up by around 8%, the Bitcoin ETFs dropped by 12-13%.
I would appreciate an explanation.
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