Bitcoin ETFs Strike Gold with Back-to-Back Billion Dollar Days! 💰😲

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In the wide rolling plains of the financial world, a peculiar sight emerged under the golden light of a Friday sun. The US spot Bitcoin ETFs, those curious contraptions of modern finance, heaved and wheezed as they accumulated more than $1 billion in inflows for the second straight day, like a weary mule that suddenly discovers a hidden field of clover. This marked a momentous occasion, one that had not seen the likes since their humble beginnings in January 2024.

That fateful Friday, eleven noble Bitcoin (BTC) ETF products gallantly reported a full treasure chest of $1.03 billion, following hot on the heels of Thursday’s $1.17 billion bounty, as if they were contestants in a contest for the most astonishing financial feats. The data, so kindly provided by our friend Farside, captured this whirlwind of wealth. 🤔

Inflows of $2.72 billion: A Tale of Epic Proportions

Nate Geraci, the esteemed president of NovaDius Wealth Management, shared his thoughts on the X platform, contemplating this curious phenomenon. Since the inception of these ETFs back in that wintry month of January, only seven instances of a billion-dollar inflow have graced the stage—and lo! Two of those happened just recently, as if the universe decided to throw a financial prom. That last major influx? A humble $1.07 billion on January 17, marking its territory like a dog claiming a fire hydrant.

Now, let’s not forget the spectacle of Thursday’s $1.17 billion, the second-largest intake since their debut, overshadowed only by a grander affair on November 7, 2024—an evening where Donald Trump strutted into election triumph like a rooster in a henhouse.

Bitwise Invest’s chief investment officer, Matt Hougan, remarked with a twinkle of bemusement that while the Bitcoin network gifted about 450 Bitcoins on that illustrious Thursday, our brave spot Bitcoin ETFs gallantly snatched up ten times that—around 10,000! Such is the whimsical nature of this digital gold rush.

And as if that weren’t enough, Jan3 revealed on a sun-soaked Wednesday that the fervor for Bitcoin ETFs soared to dizzying heights—22 times the daily mined supply! It appears demand had donned an outfit far too big for its own šize.

In stark contrast, Jan3’s visionary CEO, Samson Mow, quipped, “This demand is not sustainable at these price levels.” Ah, the cautious voice of reason amidst such financial jubilation.

Indeed, it was a week unlike any other for spot Bitcoin ETFs, with a remarkable inflow totaling $2.72 billion over just five days. As Bitcoin’s price danced gleefully toward fresh all-time highs—$112,000 on Wednesday, and onward to $118,780 by Friday—it painted a picture of euphoria captured well by CoinMarketCap data. 🎉

BlackRock’s ETF: The Speedy Gazelle of Financial Growth

As fate would have it, this price exuberance led to BlackRock’s spot Bitcoin ETF (IBIT) bounding past the $80 billion mark in assets under management (AUM) on Thursday—no small feat indeed! ETF analyst Eric Balchunas couldn’t help but declare it the “fastest ETF” to achieve such a milestone, bursting onto the scene in a mere 374 days. Who needs a time machine when fortunes can shift this swiftly?

Whispers floated through the financial air that BlackRock’s IBIT is now pulling in more revenue than its flagship S&P 500 fund, a twist in fate that could make even a seasoned gambler raise an eyebrow. Balchunas further noted, “Total assets for all the spot Bitcoin ETFs crossed $140 billion for the first time as well,” though he added, with a knowing smirk, that most of the heavy lifting here was done by that pesky price surge.

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2025-07-12 09:50