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Crypto ETFs plunged as Bitcoin, Ethereum, and Solana saw steep losses, despite Trump Media’s Bitcoin ETF trademark application.

By Jean-Charles Senant
February 10, 2025
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It has been a rough ride for crypto investors, with Bitcoin slipping below $98,000 after starting the week at $102,000. Ethereum took an even bigger proportional hit, falling from $3,400 to $2,750 since the end of January. Solana followed suit, shedding 14.35% over the week.
This decline comes despite recent news that Trump Media & Technology Group has applied for Bitcoin ETF trademarks. While the president’s company is making moves in the crypto space—following last week’s buzz around Truth.Fi, its FinTech venture—market sentiment remains weak.
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With crypto prices in freefall, crypto-themed ETFs have taken a heavy hit. Trackinsight’s Cryptocurrency theme saw a 12.02% drop over the week, with Bitcoin, Solana, and Ethereum ETFs all posting steep declines.
Among individual funds, the Bitwise Physical Bitcoin ETP (BTCE) lost 6.70%, while the 21Shares Solana Staking ETP (ASOL) dropped 17.19%. Ethereum ETFs suffered the most, with the CoinShares XBT Provider Ethereum Tracker Euro ETP (ETHEREUM XBTE) plunging 21.64%.
Here’s a comparison between Crypto ETFs
Please note this article is for information purposes only and does not in any way constitute investment advice. It is essential that you seek advice from a registered financial professional prior to making any investment decision.
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