It was another bleak week for the cryptocurrency market. In Europe, the 10 worst ETFs of the previous week in terms of returns are all ETFs traking one or more cryptocurrencies.
The sharp drop of last week was enssetially due to the announcements from the Bank for International Settlements which encourages other Central Banks to create and issue their own cryptocurrency in order to help governments control crypto assets versus the decentralized nature of other cypto currencies. Some ETFs like the 21Shares Polkadot ETP and the 21Shares Ripple XRP ETP have lost more than 20% in just one week.
Discover the full list of the 10 worst ETFs of last week here.
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