Markets
What to know: (Or maybe what you’d rather forget! 😅)
- BTC and ETH ETFs decided to throw a little outflow party on Thursday. 🎉✨
- BlackRock’s iShares Bitcoin Trust and Fidelity’s FBTC got the short end of the stick, losing $29 million and $132 million, respectively. Ouchie! 😖
- Citi analysts claim bitcoin’s gone all emo and sensitive to equity, while Glassnode calls the sell-off a “necessary reset.” Because, you know, every good party needs a hangover. 🥴
Oh, the drama! The U.S.-listed crypto ETFs had a bit of a meltdown on Thursday, ending their two-week streak of looking like they had it all together. 🌪️
The 11 bitcoin ETFs collectively said, “Peace out!” to $536.4 million, while ether ETFs watched $56.8 million walk out the door. 🚪💸
SoSoValue’s data reveals BlackRock’s IBIT lost $29 million (someone forgot to lock the vault? 🔒), and Fidelity’s FBTC waved goodbye to $132 million. Grayscale’s GBTC shed $67 million, and even the little guys like Bitwise and VanEck got a taste of the redemption blues. 🎶
All this after bitcoin took a nosedive from its $126,000 high. Blame it on leveraged liquidations, Binance’s data feed shenanigans, or good ol’ U.S.-China trade drama. 🌍⚖️
Citi analysts are like, “Bitcoin’s gone all equity-sensitive now,” while Glassnode’s all, “It’s just a little reset, no biggie.” Sure, Jan. 🙄
Unchained’s report spills the tea: ETF options activity has turned flows into a mood ring, reflecting every market sentiment shift. 🌈💍
But hey, Citi’s still betting on a $133,000 year-end target for bitcoin. Because why not? Prediction markets are nodding along. 🤷♂️
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2025-10-17 10:01