Bitcoin’s sell-off could put ETF shares on the discount rack
Bitcoin’s latest dramatic sell-off could present a rare opportunity for buyers to scoop up Bitcoin ETF shares at bargain prices.
Bitcoin’s (BTC) dramatic sell-off could present buy-and-hold bulls with a rare opportunity to scoop up BTC ETF shares at bargain-bin prices.
Spot BTC prices tumbled to a four-month low on Friday of around $53,500 as markets braced for billions of dollars in impending BTC liquidations by Germany’s government and Mt. Gox, the defunct Japanese crypto exchange. Share prices of top BTC ETFs are already feeling the heat. If market volatility continues — which it likely will — they may soon sell at attractive discounts.
Bitcoin ETFs — such as Franklin Templeton Digital Holdings Trust (EZBC), VanEck Bitcoin Trust (HODL) and iShares Bitcoin Trust (IBIT) — have emerged as the new gold standard for spot BTC holders since U.S. regulators greenlighted the publicly traded funds in January.
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Author: Alex O’Donnell
