Bitcoin ETFs hold billions despite price crash, but resilience masks harsh reality

Bitcoin spot ETFs in the United States still hold about $85 billion in assets, despite the BTC price crash. What to know : Bitcoin spot ETFs in the United States still hold about $85 billion in assets, despite the BTC price crash. Analyst Markus Thielen argues that this resilience reflects structural ETF ownership dominated by market makers, arbitrage-focused hedge funds and not just long-term holders.