Bitcoin ETFs Ditch Funds but BlackRock Still Thirsty for More! 😱🔥
Well, well, well! It seems the US spot Bitcoin exchange-traded funds (ETFs) decided to throw a little tantrum—finally, after two weeks of staying loyal. But! Hold your horses! Only BlackRock’s fund remains the party animal, still inflowing like there’s no tomorrow. 🎉
The 11 Bitcoin (BTC) ETFs collectively dumped a staggering $347 million on May 29—goodbye, inflow streak of 10 days! According to CoinGlass, it’s the biggest single day of outflows since March 11, when $396 million decided to take a vacation. Bye-bye, money! 💸
And what caused this total market meltdown? Bitcoin decided to play ‘How Low Can You Go’, dropping over 3.5%, from a high of $108,850 to a cheeky dip below $105,000. Classic Bitcoin tantrum! 🎈
The Fidelity Wise Origin Bitcoin Fund (FBTC), always the diva, shed $166 million, while Grayscale Bitcoin Trust (GBTC) took a hit, losing $107.5 million. Even the lesser-known ETFs like Bitwise, Ark 21Shares, Invesco, Franklin Templeton, and VanEck decided to join the exodus, leaving CoinShares, WisdomTree, and Grayscale’s tiny Bitcoin trust standing like they forgot their umbrellas. ☔️
But wait! Amid this chaos, BlackRock’s iShares Bitcoin Trust (IBIT) did a little dance—an inflow of $125 million! That’s right, the trendsetter bucked the avalanche and kept pouring in money, extending its streak to a glorious 34 days. The last time it saw red was April 9. It’s the Beyoncé of ETFs—always “Lemonade” ready! 🍋
BlackRock’s ETF has raked in nearly $4 billion in just two weeks, summing up to a total of $49 billion in inflows and assets under management soaring past $70 billion. Who needs Hollywood when money makes the best show? 💰
Over the past five weeks, a cool $9 billion has flowed into spot BTC ETFs, while gold ETFs, on the other hand, have decided to play ‘The Great Disappearing Act’ with nearly $3 billion leaving—gold is so last season! ETF Store President Nate Geraci quips on May 29.
Ether ETFs Say, “Hold My Beer” 🍺
Meanwhile, Ether ETFs are having their own little party, bucking the trend with a net inflow of $92 million! This marks 10 days in a row with inflows—last seen on May 15. Can they keep the streak alive? Stay tuned! 📺
BlackRock’s iShares Ethereum Trust (ETHA) grabbed most of those Ethereum dollars—over $50 million—pushing its total to a hefty $4.5 billion since launching in July 2024. Somebody’s making it rain! 🌧️
And in case you missed it, the SEC clarified staking isn’t a securities activity anymore—a big step for spot ETH ETFs. Nate Geraci joked, “Another hurdle cleared! Now we can all sleep tight knowing staking is finally chill.” Ah, progress! 🚀
Read More
- CRK Boss Rush guide – Best cookies for each stage of the event
- Glenn Greenwald Sex Tape Leak: Journalist Cites “Maliciously Political” Motives
- Fortress Saga tier list – Ranking every hero
- Mini Heroes Magic Throne tier list
- Castle Duels tier list – Best Legendary and Epic cards
- Grimguard Tactics tier list – Ranking the main classes
- How to Prepare and Dominate the Awakened Hollyberry Cookie Update
- Cookie Run Kingdom Town Square Vault password
- Hero Tale best builds – One for melee, one for ranged characters
- Overwatch Stadium Tier List: All Heroes Ranked
2025-05-30 09:25