The sell-the-fact trade continues in bitcoin; Ether plunges ...Middle East

Bitcoin is now down more than 20% from the peak reached just minutes after the new slate of ETFs began trading. Support at $40,000 held several times last week but broke yesterday and the selling has continued today.So far, the ETFs have only proven to be exit liquidity for those who front-ran a launch that was inevitable after the SEC lost the Grayscale case. I highlighted the reasons why it would be a 'sell the fact' trade before the launches.Even by low standards, the flows into bitcoin ETFs have been a disappointment. The total money in all the new ETFs are $4.5 billion, which is around where I thought they would be after two days. Moreover, there has been a $3.5 billion flowing out of G

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