Bitcoin ETFs: The Unexpected Heroes of the Crypto Market! 💰🚀

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So, the crypto market is having a bit of a meltdown, and Bitcoin is like that friend who shows up to the party late, looking a bit worse for wear. But wait! What’s this? Spot Bitcoin Exchange Traded Funds (ETFs) are strutting their stuff like they own the place, with inflows for the 8th day in a row! 🎉

While everyone else is throwing in the towel on Bitcoin, these ETFs are raking in nearly $390 million in total net inflow as of June 18. Talk about a plot twist! 📈

Bitcoin ETFs: The Little Engine That Could

According to the latest gossip from SosoValue, this marks the 8th consecutive day of Bitcoin ETF inflows. It’s like they’re saying, “We’re not going anywhere, darling!” 💁‍♀️

In just one day, these spot Bitcoin ETFs managed to pull in a whopping $389.57 million, bringing their total inflow streak to a jaw-dropping $2.4 billion. Who knew institutional investors had such unwavering confidence amidst the crypto chaos? 💪

Bitcoin, after a dramatic fall to $103,695, is now trying to regain its composure, hovering above $104,000. It’s like watching a soap opera, but with more numbers and fewer dramatic pauses. 📉➡️📈

BlackRock’s IBIT: The Overachiever

And guess who’s leading the charge? BlackRock’s iShares Bitcoin Trust (IBIT) is back at it again, flaunting a massive $278.93 million in fresh capital. It’s like the overachieving student in class who always has the highest grades. 📚

With a cumulative net inflow of $50.95 billion and net assets hitting $71.06 billion as of June 18, IBIT is basically the prom queen of Bitcoin ETFs. 👑

Fidelity’s FBTC is not far behind, snagging the second-largest net inflow of the day with $104.38 million. It’s like the trusty sidekick who always has your back, bringing its cumulative net inflow to $11.5 billion. 🦸‍♂️

And let’s not forget Bitwise’s Bitcoin ETF (BITB) and Grayscale Bitcoin Mini Trust, who are also in the mix with $11.32 million and $10.12 million in daily net inflows, respectively. It’s a real party in the ETF world! 🎊

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2025-06-20 02:16