Ah, the world of Bitcoin exchange-traded funds (ETFs), where fortunes are made and lost faster than one can say “blockchain”! On a rather splendid Thursday, these financial marvels recorded a staggering $934 million in inflows. One might say it was a day of jubilation, or perhaps just a day when the coffee was particularly strong. ☕️
As if choreographed by the fates themselves, this surge in inflows coincided with Bitcoin reaching a new zenith of $111,814, according to the ever-reliable CoinGecko data. One can only imagine the jubilant cries of traders, echoing through the hallowed halls of finance, as they celebrated this monumental occasion. 🎉
Now, let us not forget the behemoth that is BlackRock’s IBIT, which accounted for nearly all of these inflows, a whopping $877 million! It seems that IBIT has become the belle of the ball, enjoying one of its most splendid days since its debut in early 2024. Who knew that a mere ETF could evoke such passion? 💃
In a mere span of less than a month, this ETF has amassed a total of $900 million in inflows. It’s as if money is flowing in like a river, while others stand by with buckets, hoping to catch a drop. Speaking of which, Fidelity’s FBTC, bless its heart, comes in a rather distant second with a modest $49 million in inflows. One might say it’s the tortoise in this race, but let’s not be too harsh; every little bit counts, right? 🐢
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2025-05-23 09:54