In the waltz of finance, the spot Bitcoin ETFs have twirled back into the spotlight, captivating the eyes of investors like a shiny new toy in the new year. And what a year it is, with the re-entry of the one and only Donald Trump into the Oval Office. Coincidence? I think not. 🤔
These American darlings of the exchange-traded funds world have been on a roll, scooping up over half a billion dollars on a simple Friday. Who knew money could accumulate so fast? It’s almost as if they’ve discovered a printing press. 💸
The Fidelity Wise Origin Bitcoin Fund (FBTC) was the belle of the ball, leading the charge with a stunning $186 million inflow. It’s as if it’s saying, “Move over, other funds, there’s a new sheriff in town.”
ARK 21Shares Bitcoin ETF (ARKB) and BlackRock’s iShares Bitcoin Trust (IBIT) were not to be outdone, trailing closely with their own impressive figures. Meanwhile, the Bitwise Bitcoin ETF (BITB) seemed to be the odd one out, like a wallflower at a dance, actually losing value. Oh, the horror! 😱
But let’s not forget, this little dance has led to a weekly record of $1.76 billion and a seven-day streak of $4.7 billion. That’s enough to make Scrooge McDuck do a happy dance. 🦆
“The spot bitcoin ETFs are quietly on fire,” says a Bloomberg ETF expert, “like a stealthy blaze that’s consuming all the money in sight. They’ve even overtaken ESG ETFs. Take that, Mother Nature!”
As for Bitcoin’s price, it’s floating like a butterfly, stingy like a bee, holding steady amidst the market’s uncertainty. It’s as if it’s saying, “I’m too cool to be moved by your trivial market drama.”
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2025-01-26 14:47