Bitcoin falls below $62,000 as Hong Kong ETF disappoints

Cumulative trading volume is also significantly lower than the US-based spot BTC ETF’s first-day tally of $655 million. Nearly a dozen spot BTC ETFs began trading in the U.S. on January 11 and have attracted nearly $12 billion in investor funds since then. However, as inflows have recently slowed, Bitcoin’s upward trend has stalled.