From Investing.com:

Bitcoin’s value drops to $42,239 as U.S.-based exchange-traded funds (ETFs) from BlackRock Inc and Fidelity Investments trigger a four-day decline. The ETFs attracted over $819 million in investments shortly after their launch, indicating a strong market appetite for cryptocurrency-related financial products. However, the impact on Bitcoin’s price appears complex. The introduction of ETFs signals increasing interest and acceptance from traditional financial institutions, but also highlights the volatile nature of digital currencies. Investors will closely monitor the performance of these new ETFs and their long-term effect on Bitcoin’s stability and growth.



Read more: Bitcoin value dips amid ETF launch and market sentiment shift By Investing.com