On a Friday as gray as Russian winter, BlackRock’s iShares Bitcoin ETF (IBIT) did not so much scoop as quietly shovel 3,450 Bitcoins into its glacial treasury. Picture a bureaucrat with an armful of snow, counting coins while poetry goes unwritten. For 19 days now—not quite eternity but certainly longer than lunch—funds have been streaming in, more faithful than a Moscow cabbie. BTC, meanwhile, sidles up to the bar at $103,000, eyeing the all-time high’s vodka bottle. IBIT in turn slurped $356 million in yesterday, taking the total collected to over $44.7 billion—a sum large enough to start your own revolution, or at least buy a decent samovar. Their Bitcoin stash sits at 625,000 coins. Sure, that’s a lot, but can it buy love? (No. Not even a Lada.)
BlackRock: The Overachiever Nobody Asked For 🏆
IBIT’s habit of racking up inflows for 19 straight trading sessions brings to mind a determined babushka knitting a scarf—never stopping, no matter the weather. On Friday, the total ETF inflow across the land was $321 million, with IBIT hoarding the lion’s share, or at least the shaggiest lion.
As this stately graph (above) performs its seasonal dance, IBIT shows reliability that’d make your childhood sled blush. It leads Fidelity’s FBTC with a fourfold gap—as if the other runner forgot to lace their boots. Meanwhile, in a flourish of legalese, BlackRock files its S-1 amendment, mumbling about “quantum computing risks”—because what’s finance without existential dread? James Seyffart of Bloomberg, gently bored, declared:
“These are just basic risk disclosures. Any misfortune that can manifest on a prospectus, will. Nothing to see here, move along, comrades.”
Bitcoin ETF Inflows: Soon to Explode, Probably! 🧨
Ecoinometrics whispers that we are on the verge of a milestone—the 60,000 BTC inflow threshold is just 10,000 BTC away. Like a poet eyeing his last glass of port, markets sense something about to happen. According to the numbers, when the 30-day rolling inflow gets that chunky, the BTC price tends to rise with all the subtlety of Soviet architecture. (That’s to say, not subtle.)
Observe, above: the jagged ballet of Bitcoin price versus inflows over the past year. As soon as those ETF rivers overtop at 60,000 BTC, prices respond, leaping upwards as though the KGB has just knocked at the door.
BTC Price: Teetering on the Big Drunken Leap 🤸♂️
Now, BTC sits at $103K, glancing nervously toward unprecedented summits above $109K. With a swelling horde of “whales” (entities holding 1,000–10,000 BTC), the scene resembles a school dance where all the cool kids showed up late, driving limos. These whales, mostly institutions and mining behemoths, are still piling in like Dostoevsky characters auditioning for a swim meet.
And so the story continues: BlackRock scoops, whales swim, numbers soar—and somewhere between the numbers and the snow, an ETF dreams of poetry, but settles for more Bitcoin.
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2025-05-10 09:50