"Bitcoin ETFs: Traders Eye Support at $40K Amid Sell-Off and Technical Analysis"

The introduction of U.S. bitcoin exchange-traded funds (ETFs) poses a potential threat to investors, as they undermine the purpose of cryptocurrency and may lead to buying at a peak. Despite the pitch that bitcoin should serve as digital gold, there is no evidence of its value holding in a crisis. The ETFs are likely to attract more speculators to an already speculative asset, potentially worsening its performance in crises.