Late to the party: Why lots of NZX Smartshares' bitcoin investors are sitting on losses

Missing the boat: Most Bitcoin ETF investors arrive after the big gains. (Image: Getty/BusinessDesk)

Fri, 12 Dec 2025

There's nothing worse than arriving late to the party, when the music is fading, and all the cool people have already left.Stock & Trade gets the feeling there’s a bunch of investors in NZX’s Bitcoin ETF (exchange-traded funds) who are feeling this way right now.There’s every chance, of course, that the party will crank up again. Bitcoin is slowly recovering after a steep sell-off that pushed its price below US$85,000 (NZ$146,205).The slide began in early October and accelerated after almost US$20 billion in leveraged...

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