Oh, dear reader, what a curious turn of events! BlackRock, that paragon of financial elegance, has declared its spot Bitcoin ETF-IBIT-as one of its three most dazzling investment themes in 2025, alongside Treasury bills and the “Magnificent 7” tech stocks. 🐍✨
Imagine, if you will, a world where the iShares Bitcoin Trust ETF (IBIT) shares the limelight with T-bills and the likes of Apple, Microsoft, and the ever-so-superior Meta. What a masquerade ball of modern finance! 🎭
IBIT, despite delivering a negative return so far this year, has lured over $25 billion in net inflows-ranking sixth among all ETFs. One might say it’s a triumph of faith over figures. 🧠💸
Nate Geraci, President of NovaDius Wealth Management, claims BlackRock isn’t fazed by Bitcoin’s 30% plunge from its October peak. A bold statement, akin to dismissing a storm as merely “a bit of a breeze.” ☔
Bloomberg’s Eric Balchunas, ever the optimist, quipped, “If the ETF can do $25 billion in a bad year, imagine the flow potential in a good year!” A sentiment as thrilling as a well-timed punchline. 😄
The $25 billion in inflows adds to the $37 billion from 2024, making IBIT’s total inflows a staggering $62.5 billion. A feat that outshines even the most extravagant of Parisian soirées. 🌟
IBIT’s flow tally is more than five times that of its nearest competitor, the Fidelity Wise Origin Bitcoin Fund (FBTC). A modest cousin at a royal gala, one might say. 👑
BlackRock, ever the trendsetter, has filed for a Bitcoin Premium Income ETF. A product that sells covered call options on Bitcoin futures-because who doesn’t love a little risk with their yield? 📈
BlackRock filed for staked ETH ETF
BlackRock’s iShares Ethereum Trust ETF (ETHA) has exceeded expectations, attracting over $9.1 billion this year. A shimmering gem in the crypto crown. 💎
It also filed for an iShares Staked Ethereum ETF, a nod to the more crypto-friendly SEC. A regulatory shift as surprising as a well-dressed gentleman at a masquerade. 🎭
BlackRock, however, has steered clear of the altcoin ETF craze, leaving Litecoin, Solana, and XRP to shine elsewhere. A decision as prudent as it is unexciting. 🧘♂️
Read More
- Deepfake Drama Alert: Crypto’s New Nemesis Is Your AI Twin! 🧠💸
- Can the Stock Market Defy Logic and Achieve a Third Consecutive 20% Gain?
- Dogecoin’s Big Yawn: Musk’s X Money Launch Leaves Market Unimpressed 🐕💸
- Bitcoin’s Ballet: Will the Bull Pirouette or Stumble? 💃🐂
- SentinelOne’s Sisyphean Siege: A Study in Cybersecurity Hubris
- Binance’s $5M Bounty: Snitch or Be Scammed! 😈💰
- LINK’s Tumble: A Tale of Woe, Wraiths, and Wrapped Assets 🌉💸
- ‘Wake Up Dead Man: A Knives Out Mystery’ Is on Top of Netflix’s Most-Watched Movies of the Week List
- Yearn Finance’s Fourth DeFi Disaster: When Will the Drama End? 💥
- Ethereum’s Fusaka: A Leap into the Abyss of Scaling!
2025-12-23 06:14