You Won’t Believe What Happened to Bitcoin ETFs After China’s AI Takeover! 🤯

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Ah, my dear readers, let us delve into the curious tale of the Bitcoin ETFs, where the winds of fortune have shifted like the sands of the Sahara. 🌴 As the world watched in awe, the Chinese AI behemoth, DeepSeek, emerged from the shadows, casting a spell of unease upon the crypto-verse. 🤖

The once-mighty Bitcoin ETFs, basking in the glory of their seven-day inflow streak, found themselves unceremoniously thrust back into the realm of outflows, as if the very fabric of the universe had conspired against them. 💸 Fidelity’s FBTC, the prodigal son, led the charge, shedding a staggering $268.59 million, while Grayscale’s GBTC followed suit, losing a cool $108.47 million. 🤑

But fear not, dear readers, for the resilient BlackRock’s IBIT stood tall, recording a modest $63.94 million in inflows, a true beacon of hope in these turbulent times. 🌟 Meanwhile, the remaining six BTC ETFs, like a herd of lost sheep, saw zero flows, leaving us to wonder if they had simply given up on the game altogether. 🐑

And as the dust settled, the crypto market found itself in the throes of a $1 billion liquidation, all thanks to the rise of the mighty DeepSeek. 💥 But fear not, for Bitcoin, the ever-resilient champion, has risen from the ashes, trading at a respectable $102,998 per coin. 🪙

So, my friends, let us raise a glass to the ever-changing tides of the crypto world, where the only constant is the thrill of the unexpected. 🥂 Cheers to the future, where who knows what surprises await us! 🤩

Bitcoin ETF

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2025-01-28 09:32