Betashares Crypto Innovators ETF

ASX:CRYP

Betashares Crypto Innovators ETF

ASX:CRYP
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$7.53 (+3.2%)
Last close price
#59
Rank
8
Held by
13
Followers
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Consensus
innuendo
Company Report
Last edited 11 months ago
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Performance (16m)
5.9% pa
Followed by
3
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#Share price
stale
innuendo
Added 11 months ago
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I've had a small stake in CRYP for a while and am curious about the ~20% drop in the last couple of trading days.

I was (naively, it appears) expecting a rally around the approval of Bitcoin ETFs, which did happen albeit very temporarily.

Could someone a little more clued up than me in this space enlighten me regarding the key drivers? My leading theory is that its holding of Coinbase is driving it down. And Coinbase is losing value because there are now more alternatives available for holding crypto (ETFs), reducing reliance on Coinbase and similar operators.