Bitcoin’s first institutional bear market is starting to take shape and draining liquidity

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In an institutional bear market, a Bitcoin ETF redemption is almost aggressively boring. An investor sells shares, an authorized participant returns a large block to the trust, and the fund either pays cash or transfers BTC. Its assets shrink while the shares keep trading near net asset value and the custodian carries on. Since the […] The post Bitcoin’s first institutional bear market is starting to take shape and draining liquidity appeared first on CryptoSlate.