BlackRock’s BTC Bonanza! 🤑 Others Weep!

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Ah, the swirling vortex of the market! Moreno, a soul peering into the abyss of X (formerly that chirping birdcage, Twitter), has cast a light upon a most peculiar spectacle. Lo, the ETFs dance a morbid jig, each step a testament to the fickle nature of fortune and the dubious wisdom of crowds! 🎭

Behold! IBIT, BlackRock’s own leviathan, swells with a prodigious 19,514.4 BTC, a figure so grand it could make a miser blush! A veritable mountain of digital gold, amassed while lesser funds crumble like poorly baked bread. Grayscale’s GBTC, once a titan, now weeps bitter tears, shedding a lamentable 15,256.6 BTC. Oh, the indignity! 😭

And the others? FBTC, BRRR (a name that sounds suspiciously like a shivering pauper), BTCO, and BITB – a motley crew of Bitcoin dabblers, each showing varying degrees of… shrinkage. One might think they’ve caught a chill in this digital winter. 🥶

Moreno, with the sagacity of a seasoned soothsayer, proclaims, “This contrast highlights BlackRock’s long-term conviction while others adjust to short-term market conditions.” Conviction, you say? Or perhaps a reckless gamble on a grand scale? Only time, that relentless jester, will reveal the punchline. 🤡

Blackrock is buying Bitcoin… but basically every other ETF is selling. A tragicomedy worthy of the stage! 🎭

Other ETFs need to join the party to generate Bitcoin demand growth. Or perhaps they’ll simply watch BlackRock feast while they starve. The choice is theirs! 😈

— Julio Moreno (@jjcmoreno)

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2025-04-18 17:04