Bitcoin ETFs have basically morphed into the financial world’s equivalent of Bridget Jones’ diary on pay day—flushed with a fabulous $934 million in inflows this week, thanks (mainly) to Blackrock’s IBIT, which clearly can’t stop, won’t stop. Sadly, Ether ETFs resembled everyone’s gym resolve by Thursday: $38.15 million in weekly outflows. Oops. 🥲
Bitcoin Swanning About with 4th Consecutive Week of Fat Gains, While Ether Hides Red-Faced in the Corner
It seems institutional investors treat bitcoin ETFs like Colin Firth in a Christmas jumper: absolutely irresistible. This week (ending May 9, in case you’re the sort who needs receipts for everything), spot bitcoin ETFs in the U.S. hoovered up $934.17 million—making this their fourth week in a row of showing off about it.
Blackrock’s IBIT clearly didn’t get the “don’t brag” memo and strutted in with a $1.03 billion net inflow. Applause also (begrudgingly) for Fidelity’s FBTC ($62.44 million), Ark 21shares’ ARKB ($45.59 million), and Vaneck’s HODL, which—let’s be honest—is basically that mate who brings a bag of crisps to a potluck ($5.06 million).
Drama alert: It wouldn’t be a recap without someone leaving the party early. Grayscale’s GBTC lost a dramatic $171.45 million—cue sad trombone—while Bitwise’s BITB and Franklin’s EZBC gracefully exited with $26.77 million and $11 million, respectively. Sneaking out the back door, classic move.
Only Tuesday, May 6, threatened to rain on the parade, serving as the lone outflow day. But never fear—Monday’s $425 million inflow was basically a giant umbrella, keeping things sunny and awash in positive numbers. ☔️💸
Meanwhile, ether ETFs spent the week clutching their pearls. Weekly outflows reached $38.15 million, led by Fidelity’s FETH ($37.17 million sprinting out the exit) and Grayscale’s ETHE (down $26.21 million). Blackrock’s ETHA waved goodbye to $4.17 million—because apparently misery loves company. Only the Grayscale Ether Mini Trust managed to pass ‘GO’ and collect $3.19 million. Small mercies.
So as bitcoin ETFs keep living their best life, ether ETFs sulk in the corner, giving all new meaning to the phrase “safe haven”—unless you’re holding ETH, in which case: sorry, darling, maybe next week. 🍸
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2025-05-12 19:49