ETH ETF holders in ‘worse position’ than BTC ETF peers as crypto market looks for bottom

Bitcoin and Ether spot ETF holders are nursing steep losses as the market continues to search for a local bottom, but data from Bloomberg suggests neither cohort is capitulating.

Bitcoin (BTC) and Ethereum’s native token, Ether (ETH), continue to seach for price stability after trading at respective intraday lows of $66,171 and $1,912 on Thursday.

As this process runs its course, new analysis from Bloomberg analysts investigates how the spot BTC and ETF holders are faring amid sustained price weakness and slowing exchange-traded fund (ETF) inflows.

Key takeaways:

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