Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, Bitcoin’s sell-off has weighed on spot Bitcoin ETF investor returns, an Abu Dhabi investment vehicle agreed to buy 49% of World Liberty Financial for $500 million, and Ether’s slide left a major crypto treasury holder with billions in unrealized losses.
Bitcoin’s latest sell-off has likely pushed the aggregate investor position in BlackRock’s iShares Bitcoin Trust (IBIT) into negative territory, based on dollar-weighted return data shared by Bob Elliott, chief investment officer at Unlimited Funds.
According to Elliott’s figures, cumulative, dollar-weighted investor returns slipped slightly below zero as of late January, illustrating the impact of the sharp drop in Bitcoin prices over the weekend. The data suggest that while early IBIT investors may still be in profit, heavier inflows at higher price levels have pulled the overall dollar-weighted performance below zero.
