Bitcoin Frolics: Over $40 Billion Swam Into ETFs — Who Said Crypto Was Cold?

Darling, Gracy Chen, the ever-charming CEO of Bitget — that’s the crypto exchange, not a new cocktail —
took to her favourite platform, X, to make a splash about a rather hefty milestone. 💼✨

It seems those spot Bitcoin ETFs have galloped past the astonishing $40 billion mark, as of May 19,
causing a flutter of confidence among both the penny-pinching retail types and the big guns of the institutions. 🤑🎩

Over $40 billion milestone

Since January’s dawn of 2024 (a very bright year, indeed), twelve glorious ETFs have been bringing in hundreds of millions each,
with total inflows now lounging comfortably at $41.77 billion. Fancy that! Even in turbulent times, the corporate crowd is still throwing money at the crypto party, darling.

Recently, with cryptocurrencies shimmying in bullish fits, those ETFs pulled in a snappy $260.27 million just last week.
If you’re counting, that’s quite the financial salsa — and quite the stampede of capital! 💃📈

Leading the charge, BlackRock’s IBIT danced away with a robust $129.73 million,
while Fidelity’s FBTC and the dynamic duo, ARK & 21Shares’ ARKB, scored $67.95 million and $57.98 million.
Who said Wall Street was dull? Certainly not us.

All told, the ETF frenzy has kitty-cornered up to $41.77 billion, making Bitcoin the new darling of the savvy and the wealthy —
a real turbo boost for its reputation as a serious asset. Bravo! 🎩🔥

Bitcoin institutional demand rockets

Gracy, ever the optimist with a martini in hand, declared this milestone as a roaring endorsement of institutional faith. 🎤📝

She called it, rather grandly, “the most institutionally anchored cycle in crypto history,” suggesting this could be the prelude to a long, luxurious bull run. Long live the crypto class! 💹💃

Meanwhile, Bitcoin hummed along in the green — up 1.74% in just 24 hours — now flirtatiously priced at $105,450.90. Looks like the good times are here to stay, darling.

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2025-05-20 00:35