I could probably name 50 companies that are down 50% YTD. What's your point. Also BTC is up several hundred percent over 1 year or so.
Key difference is the ETF tracks something. If that something goes down, of course the ETF goes down. But Bitcoin can rise, and if those coins are stolen, the ETF crashes. So it's completely different.
How many ETFs can you name though? Huge difference... By the way did you read the reasoning for the rejection? You might want to...
Nasdaq Holds Closed Door Event to Discuss Policing Crypto https://www.bloomberg.com/news/arti...y-s-image?mc_cid=9806883995&mc_eid=d172461eeb
Institutional Investors Swap Bitcoin Futures for Physical BTC in Wall Street First https://www.ccn.com/institutional-i...utures-for-physical-btc-in-wall-street-first/