12 Hrs
Source:
الاقتصادية
Cryptocurrency funds suffer Trillion-dollar losses
The cryptocurrency market experienced a significant decline in 2026, with the value of digital assets dropping sharply and investors moving away from altcoins and related funds, including those tied to Bitcoin and Ether. Many exchange-traded funds (ETFs), such as P Max and Reckt, exited the market, and major companies canceled plans to launch new funds linked to multiple cryptocurrencies due to market weakness and declining demand. Smaller cryptocurrencies also saw steep declines of over 40%, coupled with reduced trading activity, amid a withdrawal of nearly one trillion dollars from the market. This trend is attributed to the high costs associated with launching and maintaining these products, as well as the overall poor market performance. Currently, investors are shifting their focus toward technology-related assets like artificial intelligence, leading to diminished interest in protocols and low-market-cap cryptocurrencies.
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