Source: CryptoSlate ↗
Wall Street is sitting on a $16.3 billion Bitcoin loss, and an August 14 deadline will expose who is quietly fleeing
What the source reports
Bloomberg Intelligence estimates the average net cost basis of US spot Bitcoin ETF capital at roughly $82,249, leaving the position about 22% underwater and sitting on $16.33 billion in unrealized losses. On Aug. 14, large investment managers must disclose their June 30 Bitcoin ETF positions, and those filings offer the clearest look yet at whether […]The postWall Street is sitting on a $16.3 bill...
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