Some investors say the real reason they have stuck with the fund is tax considerations.

ETF expert John Hyland breaks down the latest developments in the bitcoin ETF race.

The fund still has $30 billion in assets despite bring significantly undercut on price.

He says once the exuberance wears off, or liquidity dries up, it will go to zero.

Nearly 100 hundred ETFs hold a company that is a poor proxy for physical bitcoin.

Year-to-date inflows for ‘KWEB’ total $3.8 billion despite a 43% decline in prices for the ETF.

Thematic ETFs tend to be targeted and flexible, holding stocks from across multiple sectors and industries.

The SEC may have indicated it is unwilling to approve these products anytime soon.

It adds to the flood of futures-based cryptocurrency ETF filings over the past two weeks.