Bitcoin down 20% from post-ETF highs
Bitcoin has fallen over one fifth since its peak earlier this month, hit after the United States approved its first spot bitcoin exchange traded fund (ETF), as investors who had bought in expectation of the approval sold after the confirmation. The world's largest crypto currency was last at $38,900, down 20.6% from around $49,000 - the three-year high it hit on Jan. 11 in the wake of the decision by the U.S. Securities and Exchange Commission to approve spot bitcoin ETFs. Nearly $4 billion of funds have flowed into the new spot bitcoin ETFs, particularly to products operated by BlackRo...