The latest dispatch, delivered with all the gravity of a Siberian winter, bears grim tidings for the great congregation of Bitcoin ETFs. The numbers swirl like newspaper fragments in a railway station: a collective outflow—382 BTC, as if the coins themselves wandered into a snowstorm never to return, their value vanishing to the melancholy tune of $36.29 million.
And yet, amidst this procession of abandonment, BlackRock’s iShares Bitcoin Trust hurtles in the opposite direction. 2,841 BTC swept up, $270 million gathered not with subtlety but with the quiet confidence of a great financier who buys the entire orchard because he fancies an apple.🍏 Sometimes, optimism is just a rich man’s hobby.
Elsewhere, nine other ETFs exhibit all the enthusiasm of a Russian poet faced with an empty vodka bottle: either bleeding coins or refusing to move at all. Fidelity Wise Origin, the brooding second son, waves goodbye to 1,462 BTC—an escape valued at $138.89 million. ARK 21Shares and Bitwise linger at the bar, lighter by 1,391 and 251 BTC, while Vaneck and Valkyrie manage to avoid both fate and fortune by standing perfectly still.
May 1 Update:
10 #Bitcoin ETFs
NetFlow: -382 $BTC(-$36.68M)🔴
#Fidelity outflows 1,462 $BTC($140.57M) and currently holds 198,376 $BTC($19.07B).9 #Ethereum ETFs
NetFlow: -1,648 $ETH(-$3.03M)🔴
#Grayscale(ETHE) outflows 3,987 $ETH($7.32M) and currently holds 1,144,481…— Lookonchain (@lookonchain) May 1, 2025
Across the trembling ranks of Bitcoin ETFs, 1,153,451 BTC are left encamped, $109.58 billion in cold comfort. May peeks in through the frosted window and finds capital doing what it does best—leaving without saying goodbye. 🚪💸
Ethereum, not to be upstaged in its existential crisis, hosts its own exodus. A net outflow of 1,648 ETH ($3.03 million) marches solemnly out. Grayscale, the patched-up protagonist, sees 3,987 ETH whisked away, $7.32 million—enough to thaw even the iciest investment banker’s composure (but probably not).
Only Fidelity’s Ethereum fund, stubborn as a samovar during a blackout, welcomes 3,247 fresh ETH: $5.97 million finds a home, a rare glimmer in the gray.
We stand now in the howling draft, clutching ledgers and questioning the wisdom of it all. BlackRock buys, and the band plays on. One wonders—when the last optimist leaves, will someone kindly turn out the light? 💡🤔
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2025-05-02 11:15