Right. So, apparently, people are still throwing money at Bitcoin ETFs. Like, still. Six weeks running, can you believe? It’s almost… endearing. BTC‘s doing that little dance near $120k, probably just showing off. 🙄
SoSoValue (whoever they are, bless them) says these 12 spot Bitcoin ETFs have sucked up $2.39 billion *just last week*. That makes a grand total of $10.5 billion. Ten. Point. Five. Billion. I need a lie down. It’s all quite busy, isn’t it? 🤯
They now own $54.75 billion worth of Bitcoin, which is apparently 6.5% of the whole shebang. Like, a significant chunk. I’m starting to think I should’ve listened to my cousin Gary… but no. Principles. I have principles. (Mostly.)
The week unfolded like a slightly chaotic spreadsheet. Monday was $297.4 million, Tuesday $403 million, Wednesday… oh, Wednesday got a bit enthusiastic with $799.4 million. Thursday calmed down a bit, and Friday just sort of trailed off with $363.45 million. Predictable, really. Like a bad date.
BlackRock’s IBIT is basically Hoovering up all the cash – $2.57 billion. Grayscale and VanEck are trailing behind, looking a bit sad. 🥺 Meanwhile, others are trying to keep up, whilst Grayscale, ARK and Fidelity are quietly letting a bit go. Everyone’s got their thing, I suppose.
And then there’s Ethereum. Oh, Ethereum. They’ve had a proper surge – $2.18 billion in the last week. 140% increase. Seriously? That’s like, aggressively optimistic. They’ve now drawn in over $5 billion. It’s doing things. It’s very busy.
Nate Geraci (who sounds important) pointed out that the ETFs have taken in nearly $25 billion this year. *$25 billion*. He’s also called April 2nd ‘Liberation Day’. Right. Okay. 🧐
Spot btc & eth ETFs have now taken in nearly $25bil this year…
*$25bil*
Almost all of that has been since April 2nd “Liberation Day”.
— Nate Geraci (@NateGeraci) July 20, 2025
So, Bitcoin’s chilling, slightly down 2.2%, while Ethereum’s over there doing parkour and showing off with a 25% jump. It’s like watching a really awkward sibling rivalry.
Apparently, analysts think Bitcoin’s just…waiting. Sideways-ing. While everyone else chases altcoins. And Ethereum’s leading the charge, naturally. Of course. It always does.
ALT SEASON ALERT 🚨
ETH / BTC Closed the Week ABOVE the 50WMA.
Historically this has signaled the start of ALT SEASON.
*NOTE* 2020 had the pandemic hiccup.
This bottoming pattern looks very similar to the 2017 explosion.
Also the RSI matches the 2019 bottom.
Dare I call it…
— Jonnie King 🍌👑 (@JonnieKing) July 21, 2025
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2025-07-21 12:31