Oh, the humanity! 🚨 Spot Bitcoin and Ether ETFs in the good ol’ US of A just took a nosedive, losing a cool $755 million on Monday! 🤑 And why? Because the crypto market decided to have a weekend garage sale, liquidating a record-breaking $20 billion! 🎉 Thanks, Trump, for your tariff tantrum-China’s rare earth minerals are now as rare as a polite internet comment. 😏
Bitcoin ETFs? More like “Bye-tcoin” ETFs, am I right? 😂 They bled $326.52 million, according to SoSoValue (what a name, huh?). Fidelity’s Wise Origin Bitcoin Fund (FBTC) lost $93.28 million, while Grayscale’s Bitcoin Trust (GBTC) said “hold my beer” and dumped $145.39 million. 🍻 Ark 21Shares (ARKB) and Bitwise (BITB) also joined the party, losing $21.12 million and $115.64 million, respectively. But hey, BlackRock’s iShares Bitcoin Trust (IBIT) was like, “I’m not like the other ETFs,” and gained $60.36 million. 🎩✨
As of this hilarious moment, total inflows are still at $62.44 billion, with net assets hitting $157.18 billion-that’s 6.81% of Bitcoin’s market cap! Last week? $2.71 billion in inflows. So, not all doom and gloom, just mostly doom. ☁️
Ether ETFs: $428 Million Down the Drain! 🚽
Ether ETFs were like, “Hold my Ethereum,” and lost $428.52 million on Monday. BlackRock’s iShares Ethereum Trust (ETHA) led the charge with a $310.13 million outflow-ouch! 😖 Grayscale’s Ethereum Trust (ETHE) and Fidelity’s Ethereum Fund (FETH) followed with $20.99 million and $19.12 million, respectively. Bitwise and VanEck’s ETFs also got a taste of the pain. 🩹
ETHA’s still the big dog with $17.02 billion in net assets and a 3.29% market share, but trading volume hit $2.82 billion for the day. That’s a lot of zeros, folks! 🤑
All this chaos thanks to Trump’s tariff tirade and $20 billion in liquidations. Public companies and ETFs now hold 12.2% of Bitcoin’s supply-institutions are hoarding like it’s the apocalypse! 🌋
Caution: Investors Are Running for the Hills! 🏃💨
Vincent Liu from Kronos Research (fancy name, huh?) says investors are playing it cool, waiting for the macro winds to change. 🌬️ “Market sentiment? More like market melodrama!” he quipped. 😎 Events like the US government shutdown resolution or trade deal progress could bring back the crypto bulls. Until then, it’s popcorn time! 🍿
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2025-10-14 11:19