After individuals, who hold about 70% of the bitcoin supply, funds and ETFs are the largest owners of the token, controlling about 6% of the 21 million bitcoins in the world. The amount held by the funds is just above the total of the dormant wallets of Bitcoin's founder, Satoshi Nakamoto, according to the broker Bitcoin River.

ETFs are starting their exits according to the latest figures, with billions of their investors disgusted by the lack of performance fleeing before significant losses for some certainly advised.

Trust, the hope of the gray is no longer there.

Given what they hold for their clients, it could hurt a lot.