Crypto's Weekend Wipeout Exposes a Glaring Flaw in Wall Street's Bitcoin ETFs
Last weekend, the market for digital assets hit disarray in an extraordinary show of volatility.
The price of Bitcoin fell by more than $12,000, from near $123,000 to below $107,000 in minutes, resulting in shockwaves that drove other major cryptocurrencies like Ethereum and Solana down.
This carnage created one of the largest liquidation events in history, signaling the inherent risks in the fast-evolving market and an integral design flaw in Wall Street-endorsed vehicles for investing.
According to market analysts, the event triggered a
"cascade" of forced selling, highlighting the sheer scale of the financial bloodbath.
Author's summary: Crypto's volatility exposes flaw in Bitcoin ETFs.