This news article discusses the potential impact on the Fidelity Wise Origin Bitcoin Fund (FBTC), iShares Bitcoin Trust (IBIT), and ARK 21Shares Bitcoin ETF due to the upcoming movement of Bitcoin's price. The article notes that these funds track the price of Bitcoin and their performance relies on the movement of the cryptocurrency. Bitcoin has been trading in a tight range since November 2020 and has formed a double-top pattern, which is considered bearish. The article suggests that Bitcoin is likely to have a significant price movement this week, which will affect these ETFs. A bearish breakdown could lead to more downside for Bitcoin, while a strong rebound may push it higher. The article also mentions that news on tariffs, the upcoming NVIDIA earnings, and the recent Bybit hack could potentially impact Bitcoin's price. Additionally, the potential announcement of Strategic Bitcoin Reserves by the US and the interest of countries like the Czech Republic in buying Bitcoin may also influence its price.



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