Bitcoin ETFs: The Unstoppable Cash Magnet!

by

Behold, for the eighth day in a row, Bitcoin ETFs have danced their way into the hearts of investors, amassing a grand total of $27 million! Blackrock’s IBIT, like a seasoned performer, took the lead, while ether ETFs, alas, stumbled, losing $3 million. 🎭💸

On this fine Tuesday, the25th of March, the allure of bitcoin ETFs proved irresistible, with an additional $26.83 million flowing in, as if from a never-ending fountain of wealth. 🌊💰

Blackrock’s IBIT, the star of the show, enchanted investors with a $42.03 million influx, while Bitwise’s BITB and Wisdomtree’s BTCW played the role of the jester, losing $10.06 million and $5.13 million respectively. A tragicomedy indeed! 😂🎭

The remaining nine bitcoin ETFs, like background actors, neither gained nor lost, remaining perfectly neutral. The total value traded, a staggering $1.37 billion, was a testament to Bitcoin’s enduring popularity, with total net assets hovering around $99 billion. 🌟

Source: Sosovalue
Read more$70 million in 24 hours: Can Ethereum crack $4,000 thanks to whales?

On the flip side, ether ETFs, after a brief intermission, resumed their outflow saga, losing $3.21 million. Grayscale’s Ethereum Mini Trust and Invesco’s QETH played the tragic heroes, shedding $1.76 million and $1.45 million respectively. A tale of caution, indeed! 😢

The day’s total trading volume for ether ETFs reached $115 million, bringing total net assets to a modest $7.11 billion by day’s end. A humble sum, compared to Bitcoin’s grandeur. 🎭💔

Thus, the stage is set, with Bitcoin continuing to bask in the limelight, drawing investors like moths to a flame, while ether ETFs tread cautiously in the shadows. A comedy of contrasts, if ever there was one! 🎭✨

Read More

2025-03-26 17:59