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Crypto

Bitcoin Fund Suffers Massive 36% Loss Without Market Notice

Guavy AI Editorial Team
Instruments
BTC
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A recent investigation revealed that the Bitcoin Fund lost approximately 36% of its backing over a period of 74 days, but surprisingly, nobody noticed.

The Bitcoin Fund is an exchange-traded fund (ETF) that tracks the price of Bitcoin and allows investors to buy or sell it on traditional stock exchanges.

According to reports, the fund's assets under management dropped significantly between January 2023 and April 2023, but the decline went unnoticed by both the market and regulatory authorities.

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