Cryptocurrency ETFs Experience Broad Decline as Bitcoin Drops Below $59,000 Ahead of Major Options Expiry

Stock News10:35

Cryptocurrency exchange-traded funds (ETFs) are trading lower across the board this morning. At the time of writing, the MBC Ethereum ETF (03425) has fallen 7.81% to HK$2.856, while the Bosera Ethereum ETF (03009) is down 7.66% at HK$1.158. The ChinaAMC Bitcoin ETF (03042) declined 5.52% to HK$7.105, and the Bosera Bitcoin ETF (03008) dropped 5.27% to HK$4.494.

This move follows a broader sell-off in the digital asset market. Bitcoin has fallen below the $59,000 level, down over 3% in the last 24 hours. Ethereum has also retreated to around $1,500, marking a decline of more than 5% over the same period.

Market sentiment is being pressured by a significant upcoming options expiry. Bitcoin faces a large-scale expiration of options contracts, which could add further pressure to a market already grappling with weakening institutional demand and macroeconomic headwinds. On the Deribit platform, the largest crypto options exchange, Bitcoin options with a notional value of approximately $10 billion are set to expire this Friday at 4:00 PM Singapore Time.

Given that a large portion of these expiring options are bullish bets, the recent sustained decline in Bitcoin's price may prompt traders to adopt more defensive or bearish strategies.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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On the Deribit platform, the largest crypto options exchange, Bitcoin options with a notional value of approximately $10 billion are set to expire this Friday at 4:00 PM Singapore Time.<br><br>\nGiven that a large portion of these expiring options are bullish bets, the recent sustained decline in Bitcoin's price may prompt traders to adopt more defensive or bearish strategies.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cryptocurrency ETFs Experience Broad Decline as Bitcoin Drops Below $59,000 Ahead of Major Options Expiry</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCryptocurrency ETFs Experience Broad Decline as Bitcoin Drops Below $59,000 Ahead of Major Options Expiry\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-06-26 10:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Cryptocurrency exchange-traded funds (ETFs) are trading lower across the board this morning. 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At the time of writing, the MBC Ethereum ETF (03425) has fallen 7.81% to HK$2.856, while the Bosera Ethereum ETF (03009) is down 7.66% at HK$1.158. The ChinaAMC Bitcoin ETF (03042) declined 5.52% to HK$7.105, and the Bosera Bitcoin ETF (03008) dropped 5.27% to HK$4.494.\nThis move follows a broader sell-off in the digital asset market. Bitcoin has fallen below the $59,000 level, down over 3% in the last 24 hours. Ethereum has also retreated to around $1,500, marking a decline of more than 5% over the same period.\nMarket sentiment is being pressured by a significant upcoming options expiry. Bitcoin faces a large-scale expiration of options contracts, which could add further pressure to a market already grappling with weakening institutional demand and macroeconomic headwinds. 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