In the bleak corridors of modern finance, where hope often hides behind faceless numbers, BlackRock’s iShares Bitcoin Trust ETF (IBIT) shocked the system Monday by swallowing a staggering $971 million in a single day. Such a monstrous inflow, second only to one time since January 2024—when this creature first crawled from the womb of Wall Street—was enough to breathe life into a market gasping under the weight of departing funds.
Indeed, while the mighty IBIT feasted, others cracked and bled: the ARK 21Shares Bitcoin ETF (ARKB) suffered a hemorrhage of $226 million, as if gnawed by invisible wolves prowling the night. Fidelity’s Wise Origin Bitcoin Fund (FBTC) and the Grayscale Bitcoin Trust ETF (GBTC) fared no better, limping off with $87 million and $43 million ripped from their grasp, respectively.
But dear reader, behold the lone green sentinel amid red tides—IBIT. Alone it marched forward, a battered champion against an ocean of despair, lifting total inflows that day to a modest $591 million. Imagine that: one skyscraper towering over a city of ruins.
Anthony Scaramucci, that mercurial oracle of SkyBridge Capital, proclaims that Bitcoin now dons the armor of a hedge, rallying because it dared stand up when the U.S. dollar stumbled and fell—a spectacle worthy of applause or nervous laughter. “Institutions,” he opines, “have been watching, claws at the ready, waiting to see if Bitcoin would prove itself or say goodbye.”
And lo, Bitcoin surged while confidence in the greenback wobbled like a drunken comrade. Thus flows the river of wealth, swift and capricious. As U.Today grimly notes, the past week clocked Bitcoin ETFs’ second-largest inflows of the year 2025—a date that feels both distant and impending in this labyrinth of speculation.
Meanwhile, the price of Bitcoin hovers unsteadily above $94,000, a high-wire act without a net, performed daily for an audience that clutches its pearls and its portfolios alike.
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2025-04-29 09:26