BlackRock Hoards Bitcoin While Others Bail—Is This The Crypto Soap Opera You Didn’t Know You Needed?

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Julio Moreno, that oracle of CryptoQuant, recently barked into the void of X that Bitcoin ETFs in 2025 have been behaving like a family dinner debate: one stubborn grandma (BlackRock) piling her plate high, while the rest are politely pushing their forks away.

Numbers don’t lie—except when they do—but here they whisper that BlackRock’s iShares Bitcoin Trust (IBIT) is stuffing its vault with 19,514.4 shiny BTC nuggets. Meanwhile, others are heading for the exits, lighter than they came in.

BlackRock’s Bitcoin Buffet While Others Tap Out 🍽️

Behold this humble chart from CryptoQuant revealing the year-to-date drama: the lone wolf BlackRock feasts heartily, as if spotting a Bitcoin sale, while the rest are suddenly ‘not hungry’—and by hungry, we mean they’ve collectively shed thousands of BTC.

Grayscale’s GBTC practically waved goodbye to 15,256.6 BTC as if it were an ex at a party no one wanted to see. FBTC, BRRR, BTCO, and BITB apparently decided to join the Bitcoin sell-off flash mob, maybe driven by sudden indigestion or a strategic “meh.”

Moreno sums it neatly: BlackRock’s forward march on Bitcoin is met with others marching backward—creating market demand that sits in a chair, staring blankly. No jittery excitement, no frenzy—just stasis.

Institutional Sentiment: A Plot Twist or Just Tuesday?

Some sages suggest this buying frenzy from a lone titan will be remembered as the birth of institutional love for Bitcoin, with BlackRock playing the long game like a chess master with a slow heartbeat.

Others? They’re cashing out or changing tunes mid-dance. The chorus remains small—Bitcoin’s stage dominated by a handful of headliners, while the crowd watches from the sidelines nursing popcorn and skepticism.

Bitcoin’s Growth: Balanced Buffet or Jenga Tower? 🤔

Moreno’s chart is a cautionary folk tale for ETF diversity and steady appetite. If only one diner wipes the platter while others nibble away or leave, Bitcoin might wobble like a Jenga tower haunted by too many solo players.

Bitcoin currently lounges at $84,953.64, down 22% from its peak superhero pose. The sluggish price action whispers that everyone’s playing the waiting game, eyeballing institutional moves like spectators at a slow, tense chess match.

BlackRock’s Bitcoin binge reminds us how this crypto safari depends on a few mighty elephants while the rest of the herd tiptoes around the savanna. Without more institutional beasts stepping in, Bitcoin might just keep strolling in place, content with the view.

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2025-04-18 03:19