Markets
What to know, you curious soul:
- BlackRock’s IBIT, that insolent rascal of ETFs, has gulped down $134 million in inflows over the past two trading days, boasting a whopping 10 days of nonstop greed-fueled feasts.
- Bitcoin, oh fickle beast, has tumbled from heavenly 10% gains in early October to a mere 1.7% during U.S. hours – yet it still struts better than its European and Asian cousins in their monthly misery. 😂✋
In a grand spectacle of financial folly, U.S. spot bitcoin ETFs witnessed their most colossal daily exodus since the dread day of Sept. 26, with $326.4 million fleeing like rats from a sinking ship, as per the wise scribes at Farside. How absurd, how comical!
Yet, amidst this chaotic ballet, BlackRock’s iShares Bitcoin Trust (IBIT), the undisputed heavyweight of spot Bitcoin ETFs, thumbed its nose at the masses and continued its merry inflow marathon. Sarcasm aside, folks, it’s the largest by assets – a veritable Gogolian behemoth!
Over these last two sessions of trader’s theater, IBIT has amassed $134 million in fresh inflows, even as Bitcoin, that capricious dame, plummeted from $122,000 to $107,000. Ah, the irony! 📉😏
The fund now parades 10 consecutive trading days of inflows, though these latest nibbles were mere crumbs compared to the previous eight banquets, each devouring at least $200 million. The most recent? A stingy $74.2 million and a paltry $60.4 million – feast or famine, as Glassnode’s chronicles recount.
Mind you, IBIT’s flows have danced in scandalous sync with Bitcoin’s price antics, swelling during rallies and fleeing during falls, like some bureaucratic romance. Since Bitcoin’s pompous peak at $126,000 on Oct. 6 – followed by a 20% correction that left egos bruised – IBIT has inhaled inflows steadily, while other ETF charlatans languish in redemptions or stagnant boredom. 🚀😜
U.S. Market Returns Spiraling into Comic Decline
As the sages at Velo decree, Bitcoin’s performance in U.S. trading hours has withered like a neglected melon since its all-time high pomp. From over 10% exultations in early October, it’s dwindled to a laughable 1.7%. Yet, in this farce, it still outshines the gloomy deficits of Europe and Asia over the month. Oh, the absurdity! 😂
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2025-10-14 12:29