Lo! In these fateful days of 2025 Q3, the colossal titan of banking, JPMorgan Chase, hath cast its shadow upon the kingdom of BlackRock’s Bitcoin ETF, iShares Bitcoin Trust (IBIT), with a fervor that would make a monk weep and a king reconsider his crown. 🕊️
In the sacred scrolls of the SEC’s 13-F filing, we find JPMorgan hoarding 5.2 million IBIT shares by September 30th, a 64% surge in zeal-like a miser clutching gold, yet trembling at its own greed. 💰 Yet lo, this pile, once worth $333 million, now dwindles to $312 million, as if the market itself mocks their ambition. 🤡
Though JPMorgan now ranks among the elite IBIT barons, it cowers before the true titans, such as Goldman Sachs, who wield 30.8 million shares in Q1 2025 like a sword. A meek offering from JPMorgan’s 68 million call options and 133 million put options, as if bargaining with the devil himself for Bitcoin’s favor. 🤝😈
Behold! The strategists at JPMorgan, led by the prophetic Nikolaos Panigirtzoglou, declare the crypto gods’ deleveraging ploy near-complete, casting Bitcoin as a golden goose in a cage of gold’s volatility. They whisper to the masses: “BTC is but a pauper in this realm of riches, ripe for a $170,000 ascent! 🐣” Yet the present price clings to $102,900, a 1% climb in a storm of red flags over seven days. Sell, ye fools, before the bubble bursts! 💥
O BlackRock’s IBIT, bright jewel of Bitcoin’s crown, now faces the tempest! SoSoValue doth recount $403 million in outflows, and another $450 million fled last week-a financial exodus, yet it clings to the title of largest BTC ETF with a princely $80.58 billion. A phoenix in chains, perhaps? 🐦🔥
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2025-11-09 09:12