The Crypto Exodus: Why Wall Street Is Bailing Out with a Snarky Smile 😏

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Behold, the solemn ballet of Bitcoin and Ether ETFs-like a soap opera penned by Kafka himself-where the actors (institutions) have decided to exit stage left, leaving behind the grand auditorium of crypto. Crypto Market Meltdown The analytics oracle Glassnode whispers that since the dawn of November’s mercurial days, the 30-day simple moving average of net flows into the US spot Bitcoin and Ether ETFs has turned somberly negative, much like a Shakespearean tragedy with less poetry.

“This relentless decline,” the sage Glassnode proclaims, “suggests a phase of subdued participation-a kind of institutional retirement party-further squeezing the liquidity balloon until it pops.” Ah, the sweet aroma of market contraction-like whiskey left open overnight-bitter and tempting. Since mid-October, spot market trends have been heading south faster than a penguin in August, while ETFs-those market’s vocal bellwethers-seem to have lost their cheer-a bearish chorus echoing through the halls of finance. 😅

Crypto ETF Selling Pressure: The Sequel

Coinglass, the goth kid of crypto analytics, reports that Bitcoin ETF flows have been in the red for four days straight-such a punctual bore! Yet, amidst this financial gloom, BlackRock’s iShares Bitcoin Trust (IBIT) manages to tease us with tiny inflows, like a shy cat rubbing against our leg. Meow? 🐱

“Crypto ETF selling pressure is back,” the Kobeissi Letter-think of it as the gossip magazine of finance-chirped on Tuesday. Last week saw an astounding $952 million 📉 flee into the night, leaving investors to withdraw capital six times out of ten, as if the market were a bad Tinder date that just wouldn’t end. Despite this tumult, BlackRock’s titan fund has amassed a colossal $62.5 billion since inception-impressively overshadowing its rivals’ efforts to catch up, like a digital David slingshotting past Goliath.

IBIT: Outperforming Gold-Because Who Needs Fancy Rocks?

Bloomberg’s shrewd ETF analyst Eric Balchunas-who no doubt has a crystal ball tucked under his laptop-says IBIT is the only ETF on Bloomberg’s “2025 Flow Leaderboard” sporting a negative return for the year. Yet, it still managed sixth place-like a caffeinated kangaroo jumping over hurdles-remarkable, isn’t it? 🦘

Balchunas adds that BlackRock’s flagship Bitcoin empire even outperformed the venerable SPDR Gold Shares (GLD), which strutted up 64%, making our crypto darling look even more dashing in contrast.

“That’s a really good sign long term IMO. If you can do $25 billion in a bad year, imagine the flow potential in a good year.”

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2025-12-24 08:40