Bitcoin ETFs: Breaking Records and Wallets! 💰🚀

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Well, well, well. Who would’ve thought? Bitcoin is back at it again with its strongest weekly inflow since November 2024. Farside Investors has the receipts—six straight days of people throwing money at Bitcoin investment products like it’s Black Friday, and we haven’t even hit a holiday yet. 🎉

The real MVPs of this rally? BlackRock’s IBIT and Fidelity’s FBTC. Together, they managed to scoop up a staggering 92% of Friday’s total inflows. IBIT brought in a cool $240 million, while FBTC decided to be the sidekick, securing $108 million. Thanks to this, the total assets in Bitcoin ETFs are now nearing a whopping $110 billion. That’s a lot of zeroes. Oh, and fun fact: IBIT now controls 3% of all Bitcoin in circulation. Can we get a round of applause? đź‘Ź

So, what does Jay Jacobs from BlackRock have to say about all this? Oh, just that when the world’s a bit of a dumpster fire (hello, global uncertainty), assets like Bitcoin and gold are the new “safe space” for investors. No surprise there—Bitcoin’s like the trendy, cooler cousin of gold, with a bit of a “please invest in me, I’m shiny” vibe.

Bitcoin’s recent recovery (going from about $75,000 to $95,000) definitely helped fuel all this newfound institutional love, although it did slip a little in the last 24 hours. Just enough to keep things spicy. 🥵

Oh, and let’s not forget about Ethereum, the underdog who just had its “moment.” After eight weeks of basically hiding under a rock, U.S.-listed spot Ethereum ETFs made a comeback with $157 million in inflows last week. It’s like the little engine that could, right? đźš‚

But, and here’s the kicker, despite the rebound, these Ethereum funds are still much smaller than earlier in the year. Yeah, ETH’s price isn’t doing great—it’s hanging out near $1,800, but BlackRock’s ETHA fund is holding about 1% of all Ethereum supply. So, it’s cute, but it’s still got a long way to go before it catches up to Bitcoin’s rock star status.

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2025-04-27 07:12