
Being a crypto investor—whether through direct exposure or via the equity markets—requires a strong tolerance for elevated volatility. That volatility has been on full display over the past two months.
After hitting its all-time high of $126,270 on Oct. 6, the price of Bitcoin (BTC) fell by 36% through Nov. 22. As a result, investors have been vacating their positions in Bitcoin spot exchange-traded funds (ETFs) by alarming amounts as they rotate into risk-off assets.