ByKirk Ogunrinde,
Contributor.
Bitcoin exchange-traded funds have lost a record high $3.7 billion so far in November, surpassing the record $3.6 billion loss in February, as the cryptocurrency is on track for its worst monthly performance since the November 2022 crypto crash.
U.S. listed exchange-traded funds tracking the price of Bitcoin have lost a record $3.7 billion so far in November, according to data from SosoValue, in the midst of a broader selloff in cryptocurrencies during the month.
The cryptocurrency bellwether slid more than 35% from its peak of $126,000 in October, to as low as $80,000 on November 21, its lowest price since April.
