The post Bitcoin ETF Investors Face Losses as Market Downturn Continues appeared on BitcoinEthereumNews.com. Bitcoin ETFs in the U.S. are collectively underwater as BTC falls below $89,600. Over $254 million exited Bitcoin funds on Monday, led by BlackRock’s major outflows. Investors in Bitcoin exchange-traded funds in the United States are now collectively underwater for the first time since these products were launched, according to market intelligence company Glassnode. Bitcoin plunged below $89,600 on Tuesday, causing the average entry price for all spot Bitcoin ETFs to move underwater.  Some early adopters who purchased at prices from $40,000 to $70,000 continue to be profitable; however, the average investor finds themselves nursing unrealized losses. Long-term holders are also unlikely to panic sell at this moment, as most of these investors view this as a long-term strategic allocation and not a short-term trade. Heavy Withdrawals Continue Across Bitcoin and Ethereum Funds Monday saw a wave of capital leaving cryptocurrency ETF products, with Bitcoin products losing $254.6 million in a single day. BlackRock’s flagship Bitcoin product had the largest outflow at $145.6 million, while some of Fidelity’s Bitcoin offerings had outflows of $12 million. This was the fifth consecutive day of outflows for Bitcoin ETFs, which began on November 12 with outflows of $278.1 million.  Outflows continued to accelerate on November 13, when outflows reached $866.7 million, the second-worst inflow figures in the short 5-month history of Bitcoin ETFs. Ethereum ETFs also had negative outflows, generating a combined $182.7 million in net outflows. Of this, outflows in BlackRock’s Ethereum product accounted for $193 million. Market analysts have stated that the downturn was due to broader macroeconomic conditions, rather than anything unique to cryptocurrency, specifically, tight liquidity and risk-on sentiment. Investors have sought out safer assets. There will be a turnaround in digital assets whenever we see clearer signs of economic easing, softer inflation numbers, and a central bank with… The post Bitcoin ETF Investors Face Losses as Market Downturn Continues appeared on BitcoinEthereumNews.com. Bitcoin ETFs in the U.S. are collectively underwater as BTC falls below $89,600. Over $254 million exited Bitcoin funds on Monday, led by BlackRock’s major outflows. Investors in Bitcoin exchange-traded funds in the United States are now collectively underwater for the first time since these products were launched, according to market intelligence company Glassnode. Bitcoin plunged below $89,600 on Tuesday, causing the average entry price for all spot Bitcoin ETFs to move underwater.  Some early adopters who purchased at prices from $40,000 to $70,000 continue to be profitable; however, the average investor finds themselves nursing unrealized losses. Long-term holders are also unlikely to panic sell at this moment, as most of these investors view this as a long-term strategic allocation and not a short-term trade. Heavy Withdrawals Continue Across Bitcoin and Ethereum Funds Monday saw a wave of capital leaving cryptocurrency ETF products, with Bitcoin products losing $254.6 million in a single day. BlackRock’s flagship Bitcoin product had the largest outflow at $145.6 million, while some of Fidelity’s Bitcoin offerings had outflows of $12 million. This was the fifth consecutive day of outflows for Bitcoin ETFs, which began on November 12 with outflows of $278.1 million.  Outflows continued to accelerate on November 13, when outflows reached $866.7 million, the second-worst inflow figures in the short 5-month history of Bitcoin ETFs. Ethereum ETFs also had negative outflows, generating a combined $182.7 million in net outflows. Of this, outflows in BlackRock’s Ethereum product accounted for $193 million. Market analysts have stated that the downturn was due to broader macroeconomic conditions, rather than anything unique to cryptocurrency, specifically, tight liquidity and risk-on sentiment. Investors have sought out safer assets. There will be a turnaround in digital assets whenever we see clearer signs of economic easing, softer inflation numbers, and a central bank with…