Bitcoin ETFs Decline As King Crypto Falls To $104,000

Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs) have experienced a decline in value following a recent drop in Bitcoin’s price. This downturn reflects the ongoing volatility in the cryptocurrency market, impacting investors and related financial products.

What Happened: Bitcoin ETFs saw a decline as Bitcoin’s value decreased. According to Benzinga Pro, on Wednesday during pre-market hours, the Bitwise Bitcoin ETF (NYSE:BITB) fell by 2.05%, while the iShares Bitcoin Trust ETF (NASDAQ:IBIT) decreased by 1.94%.

The Grayscale Bitcoin Trust (BTC) (NYSE:GBTC) experienced a decline of 1.90%, and the ARK 21Shares Bitcoin ETF (BATS:

Full story available on Benzinga.com