In the grand theatre of financial chaos, BlackRock’s iShares Bitcoin Trust (IBIT) waltzed onto the stage with less grace than a drunken ballet dancer and yet stole the spotlight-dumping a hefty $292 million into the abyss on August 4th. This represents the largest vanishing act since May, leaving Bitcoin’s price gasping for air under the suffocating pressure of sellers. 🕺💥
BlackRock’s cryptocurrency ballet during July saw an influx of more than $57.5 billion-naturally, a number so enormous it makes the national debt look like pocket change. During this period, IBIT attracted a laid-back $5.2 billion, which-oh, what a surprise!-was almost drowned by yesterday’s petty outflow. The net result? Slightly more dramatic than a soap opera but hardly a bloodbath. 😉
Since its debut in January 2024, BlackRock’s IBIT has become the diva of ETF inflows across the US, dwarfing its nearest competitor, Fidelity’s FBTC, nearly fivefold. It’s the financial equivalent of showing up to a dinner party with a limousine while everyone else wheels in their bicycles. 🚗🚲
Bitcoin ETF Activity Cools Down – Because Even Markets Need a Break
US-listed spot Bitcoin ETFs have entered a slow-mo scene, hemorrhaging cash for three days straight. Fidelity’s FBTC trails behind with around $40 million being redecorated as red ink, followed by Grayscale’s GBTC with a modest $10 million escape plan. Other ETFs? Mostly standing still, playing the financial version of freeze tag. Bitwise’s BITB, however, decided to be the overachiever, adding $18.7 million to its collection-probably to impress its mother. Meanwhile, Bitcoin itself found a cozy support level near $112,000, like a cat refusing to leave its favorite sunny spot. 🐱💰
8/4 Bitcoin ETF Total Net Flow: -$323.73 million
IBIT (BlackRock): -$292.49 million
FBTC (Fidelity): -$40.06 million
BITB (Bitwise): $18.74 million
ARKB (Ark Invest): $0.00 million
other players mostly taking a break… 😴– Trader T (@thepfund) August 5, 2025
The Wealthy Still Like a Good Party
Private assets are cooling, but digital assets and hedge funds are elbowing their way to the buffet. The breakdown is as messy as a toddler’s coloring book, courtesy of @denitsa_tsekova. 🖍️
– Eric Balchunas (@EricBalchunas) August 4, 2025
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2025-08-05 11:50