Benzinga – Cryptocurrency markets are heavily down on the last day of April, with Bitcoin ETF net outflows continuing to reverse the positive momentum.
What Happened: Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) are about to close the month with losses of 16%, 19% and 40%, respectively.
A prominent finance and crypto newsletter, WhaleWire, noted that contrary to bullish expectations, the new Hong Kong Bitcoin ETFs may turn out to be a “complete failure.”
The account attributes the price dip to the lackluster start of these ETFs, writing “The six ETFs got on average $1.8 million each, that is the worst-performing ETF launch in history.”
Prices as of 4 p.m. Eastern Time:
| Cryptocurrency | Gains +/- | Price |
| Bitcoin (CRYPTO: BTC) | -5.0% | $59,636.5 |
| Ethereum… Read More |