Blackstone’s Tiny Step into Crypto: A Million-Dollar Wink 💼💸

The Never-Ending Love Affair with IBIT

BlackRock’s Bitcoin fund seems to be the belle of the ball, with no outflows for over six weeks since April 9, based on Farside Investors data. In fact, it’s racked up a splendid 20 consecutive trading days of inflows, swelling its total net inflows to over $46.1 billion since its debut in January 2024. Truly the gift that keeps on giving!

Compared to its suitors, Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARK) are more modest in their affections, with net inflows of $11.8 billion and $2.8 billion, respectively. But darling, what’s a little competition among friends? 😉

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2025-05-21 08:31