Bitcoin ETFs Go Bananas: $363M in One Day! 🍌💰

by

Hold onto your wallets, folks! According to the brains at Farside Investors, we’ve just added a jaw-dropping $363 million to our stash. That’s right—our total inflows have skyrocketed to a ludicrous $6.62 billion! I mean, who knew Bitcoin could bring the bling like that? 💸💥

Leading the circus is none other than BlackRock’s iShares Bitcoin Trust (IBIT), pouring in a whopping $496.75 million in fresh moolah! It’s like a gold rush out there, and IBIT is the guy selling shovels! With a total of $86.5 billion in assets under management, you could say they’ve got a *few* bucks to play with. 💼✨

Now, don’t get too comfy, because Grayscale’s GBTC just couldn’t resist playing the outflow game, taking a scenic detour with a tidy $81.29 million exit. And ARK’s Bitcoin ETF (ARKB) didn’t want to miss out, sliding away with $33.61 million. Fidelity’s FBTC joined the party too, tossing a modest $17.94 million overboard. Sorry, guys! Better luck next time! 🙈

Despite the dramatic exits, the trading floor was buzzing with excitement! A whopping $4.62 billion in Bitcoin ETF shares traded hands like hotcakes at a Saturday brunch. 🍳🥞 With total combined net assets across all spot Bitcoin ETFs now sitting pretty at $152.4 billion, that’s about 6.5% of Bitcoin’s overall market cap! Talk about a piece of the pie! 🥧

The show must go on, and it looks like the momentum is still riding high! On July 10 and 11, we danced past the million-dollar mark, raking in over $1 billion in daily inflows for two whole days! The first ever to do such a thing—oh, the drama! 🎭 With all this institutional interest, the ETF sector is clearly ready for its close-up in the ever-evolving Bitcoin soap opera! 📺💖

Read More

2025-07-19 19:42