I think it’s been well-established that whenever a splashy crypto-related product is released, a major reversal is at hand. We saw this with BITO (which I’ve placed here on a percentage graph with $BTC itself):
![slopechart BTCBITO](https://slopeofhope.com/wp-content/uploads/2022/01/slopechart_BTCBITO-640x345.jpg)
As well as, longer-term, Coinbase (symbol COIN) which I’ve likewise plotted with Bitcoin:
![slopechart COINBTC](https://slopeofhope.com/wp-content/uploads/2022/01/slopechart_COINBTC-640x345.jpg)
You get the point.