On Wednesday, April 16, the Bitcoin ETFs performed a feat worthy of any low-budget circus: a rapid reversal, vanishing $170 million as if it were smoke and mirrors. Fidelity and Ark 21shares took their bows with grand exits, while Ether ETFs languished in their seventh consecutive day of financial melancholia, steadfastly refusing to join any party. 🎩✨
The Great Bitcoin ETF Fiasco: Momentary Hope, Swift Disillusionment, and the Eternal Ether Blues
Just as the bewildered investor was about to believe in a comeback, along came a brisk $169.87 million exodus, as if the market had suddenly recalled all of its regrets with impeccable timing. That fleeting two-day flirtation with optimism now lies dashed, a grim reminder that fortunes here are as stable as a soufflé in a gale.
To be fair, not all was doom and gloom. Half of the dozen U.S. spot bitcoin ETFs managed to coax some inflows—six, if you count. However, all such glimmers were ruthlessly extinguished by Fidelity’s FBTC and Ark 21shares’ ARKB, who together drained a rather ungracious $113.80 million and $113.25 million respectively. Any dreams of net gains were promptly spiked like a badly mixed cocktail at a party no one wanted to attend.
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2025-04-17 18:27