The performance of the exchange traded fund (ETF) Valkyrie Bitcoin Miners (WGMI) shows the extent to which the value of the crypto mining business was affected. As of 11 November, the fund was trading over 70% below its launch price in February 2022.
Oh, we can only hope that the cryptomarket will survive all the shocks of this year. Although after the fall of the FTX exchange, we can no longer be sure of anything. The saddest thing is that if the cryptocurrency finally collapses, such a wonderful tool of decentralization and getting out of total control will most likely no longer be taken seriously.