What goes up, must come down. Or so it would seem. It’s no secret that ETF launches have exploded this year, with nearly 800 new funds hitting the market in the first nine months of 2025 alone, already ahead of last year’s total of 746. Asset flows have also climbed, with net year-to-date sales topping $1.1 trillion last month. On the other hand, closures have largely remained steady, with 266 funds shuttering in the first half of this year, compared with 253 in the first half of last year, according to E ...

Investor Behavior - Spot Bitcoin ETF investors demonstrated strong holding behavior, with 995% retaining their investments through a 20% drawdown [1] Market Resilience - The data suggests resilience among "smart money" investors in the face of Bitcoin price volatility [1]

Core Viewpoint - Bitcoin's price decline is linked to Nvidia's stock drop due to regulatory issues in China regarding its acquisition of Mellanox Technologies [1][2]. Group 1: Nvidia's Regulatory Issues - China's market regulator announced that Nvidia allegedly violated anti-monopoly laws during its 2020 acquisition of Mellanox Technologies [2]. - Specific details of the violations have not been disclosed, but the regulator stated that Nvidia breached the terms of its conditional approval [2]. Group 2: Market Impact - Nvidia's stock dropped nearly 3%, which has negatively affected the cryptocurrency market, leading to a decline in Bitcoin and AI-related tokens [1][2]. - Bitcoin traded at approximately $114,900, down from a high of $116,755 earlier in the day, indicating a significant price fluctuation [2]. - Major AI-related tokens, including ICP, RENDER, FET, and GRT, experienced a decline of over 4.5% within a 24-hour period [2]. Group 3: Correlation with Bitcoin - Nvidia is recognized as the world's largest publicly listed firm by market value and serves as a barometer for risk sentiment in financial markets, including cryptocurrencies [3]. - Historical data shows that Bitcoin and Nvidia have a strong correlation, with a rolling three-month correlation of 0.76 between Nvidia and BlackRock's spot bitcoin ETF as of last Friday [3].