Bitcoin ETFs Flood In Like It’s 2017 All Over Again—Hold Onto Your Hats! 🚀

Ah, the strange beast of the market stirs once more, like a restless giant waking from a drunken slumber. The money rushes in, a tidal wave washing hope ashore in the barren land of crypto despair.

The scribes at Farside Investors whisper numbers that sound like a child’s fever dream: $936.43 million flowed into Bitcoin ETFs in a single day—a frenzy that piled weeklong coffers up to a monstrous $1.32 billion. Institutional titans return, armored and hungry, ready to feast on the digital gold.

The Usual Suspects Gleam Bright Among the Chaos

  • ARK 21Shares’ Bitcoin ETF (ARKB) flexes with $267.1 million fresh in its pockets—nearly $3 billion net now. It sits proudly as the third heaviest wallet in the Bitcoin ETF ghetto, with $4.59 billion in assets. Not shabby for a market that looks like a wild west saloon at high noon.
  • Fidelity’s Wise Origin Bitcoin Fund (FBTC) is not far behind, stuffing an impressive $253.8 million into its coffers. With $18.16 billion in assets, it towers like a skyscraper in this crazy crypto city, lounging comfortably as the second-largest U.S. bitcoin bullfighter.
  • BlackRock’s iShares Bitcoin Trust (IBIT) continues its march toward world domination, grabbing $193.5 million more. Now boasting $52.7 billion in assets with $40 billion net inflows, it’s the market’s Silent Giant, eating up everything in its path.

Meanwhile, Some Others Join the Party (Or Try To)

  • Bitwise Bitcoin ETF (BITB): Only $76.7 million daily inflows—modest, but hey, they’re showing up.
  • Grayscale Bitcoin Trust (GBTC): $65.1 million inflows—like a dog chasing its tail, still circling without catching the prize.

Poor GBTC, though—while it squeezes some fresh blood in daily, it’s lost a staggering $22.68 billion since ditching its old skin to become a spot ETF. Still, it clings to third place by total assets under management, with $17.51 billion. A scrappy fighter battered but unbroken in this chaotic crypto coliseum.

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2025-04-23 15:52