ETFdb Logo
ETFdb Logo
  • ETF Database
  • Channels
    • Active ETF
    • Alternatives
    • Beyond Basic Beta
    • China Insights
    • Climate Insights
    • Commodities
    • Core Strategies
    • Crypto
    • Disruptive Technology
    • Dividend
    • Dual Impact
    • Emerging Markets
    • Energy Infrastructure
    • ESG
    • ETF Building Blocks
    • ETF Education
    • ETF Strategist
    • Fixed Income
    • Free Cash Flow
    • Future ETFs
    • Global Diversification
    • Gold/Silver/Critical Minerals
    • Innovative ETFs
    • Institutional Income Strategies
    • Leveraged & Inverse
    • Managed Futures
    • Market Insights
    • Megatrends
    • Modern Alpha
    • Multi-Asset
    • Night Effect
    • Portfolio Strategies
    • Retirement Income
    • Richard Bernstein Advisors
    • Tax Efficient Income
    • Thematic Investing
    • Volatility Resource
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
    • ETF Data for Journalists
    • ETF Nerds
  • Research
    • First Bitcoin ETF
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF Trends on Videos
    • ETF Trends on Podcasts
    • ETF Prime Podcast
  • Company
    • About Us
    • Swag Store
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. Crypto Channel
  2. Has the Crypto Winter Come and Gone?
Crypto Channel
Share

Has the Crypto Winter Come and Gone?

Evan HarpJul 26, 2022
2022-07-26

With modest signs of life last week, it appears that the crypto winter might be seeing some signs of spring, which is great news for funds like the Invesco Alerian Galaxy Crypto Economy ETF (SATO ) and the Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC ).

Edward Moya, senior market analyst at brokerage firm Oanda, said, “Wall Street is enjoying a positive risk-on mood that is good news for cryptos.” He noted that the crypto market is starting to look “attractive now that the economy is looking a little better as expectations for Fed tightening eased.”

It is worth looking at the driving causes of the crypto winter. Last month, bitcoin and ethereum, the biggest currencies in the crypto space, were down more than 70% from their 2021 peaks. Stablecoins terra and luna crashed, and Three Arrows Capital and crypto lender Celsius filed for bankruptcy.

Many industry insiders also put the blame for the crypto winter on circumstances outside of the crypto ecosystem. Inflation, Russia’s invasion of Ukraine, and the broader market’s plunge into volatility led to many investors selling their crypto assets. Tesla sold almost $1 billion in BTC in the second quarter, which might have played a role in the collapse.

A sustained price recovery for bitcoin and ethereum could signal a crypto spring, but not all analysts believe it will happen soon. “We’re in a full-blown bear market, not a bear cycle. Just because we see some positive price action doesn’t mean we’re out of the clear,” said crypto expert and educator Wendy O.

Crypto is no stranger to bear markets and crashes. The volatile asset has seen a number of them in its storied history, and each time it has come back stronger. This latest crypto winter is likely to claim a number of victims among the various currencies, but the stronger currencies are likely to survive. Venture capitalists and institutional investors had poured money into cryptocurrency, and that interest remains despite the crash.

Betting Big VCs Chart

Crypto winters frequently lead to growth and innovation for the space. There’s no reason not expect spring to roll around, sooner or later.

For more news, information, and strategy, visit the Crypto Channel.

vettafi.com is owned by VettaFi, which also owns the index provider for SATO and BLKC. VettaFi is not the sponsor of SATO or BLKC, but VettaFi’s affiliate receives an index licensing fee from the ETF sponsor.


Content continues below advertisement

Loading Articles...
Help & Info
  • Contact Us
Tools
  • ETF Screener
  • ETF Analyzer
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Performance Visualizer
  • ETF Database Model Portfolios
  • ETF Database Realtime Ratings
  • ETF Database Pro
More Tools
  • ETF Launch Center
  • Financial Advisor & RIA Center
  • ETF Database RSS Feed
Explore ETFs
  • ETF News
  • ETF Picks of the Month
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Best ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Legal
  • Terms of Use and Privacy Policy
  • © 2023 VettaFi LLC. All rights reserved.
Follow ETF Database
Follow ETF Database

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X