🚨👊 “Tariffs? Who Needs Tariffs? Bitcoin ETF Inflows Soar to $217M!”
As the great and powerful Trump unleashes his reciprocal tariffs upon the world, the markets respond with a collective shrug. “Pfft, tariffs? Who needs tariffs?” seems to be the sentiment of the day, as Bitcoin ETF inflows surge to $217 million. Ah, the eternal optimists, always looking on the bright side of life… or in this case, the bright side of a crashing economy. 🤪
Bitcoin ETF Inflows: The Tariff Tango
It appears that investors have already factored in the impact of Trump’s tariff tantrum, and are now using it as an excuse to buy the lows. Ah, the old “buy the news” strategy, a classic move in the world of high finance. As the great Russian proverb goes: “When life gives you lemons, make lemonade. When life gives you tariffs, buy Bitcoin!” 🍋👍
On Wednesday, April 2, the net inflows surged to $220 million, with Fidelity’s FBTC and Ark Invest’s ARK dominating the flows at $119 million and $130 million respectively. Ah, those institutional players, always so eager to jump on the bandwagon. 🚂
On the other hand, BlackRock’s iShares Bitcoin Trust (IBIT) saw over $116 million in outflows. Ah, the eternal pessimist, always expecting the worst. But hey, someone has to keep the market interesting, right? 😜
Institutional Bitcoin Demand: The Great Accumulation
As the great and powerful institutions continue to accumulate Bitcoin, the total holdings of the top 75 publicly traded companies have reached 696,456 BTC. Ah, the mighty institutions, always so confident in their investments. And why not? After all, as the great Russian saying goes: “A bird in the hand is worth two in the bush… or in this case, two Bitcoins are worth one in the bush!” 🐦👍
In the past week alone, eight of these firms increased their Bitcoin reserves, adding a total of 26,303 BTC. Ah, the great accumulation, a true marvel of modern finance. And who knows? Maybe one day we’ll see a Bitcoin ETF that’s actually worth something. 🤞
BTC Price Action: The Tariff Tango Continues
As the tariff tantrum continues to wreak havoc on the markets, Bitcoin price has crashed from $88,000 to $81,000, despite strong inflows in spot Bitcoin ETF. Ah, the eternal volatility, always keeping things interesting. And as the great Russian proverb goes: “When the going gets tough, the tough get going… or in this case, the tough get Bitcoin!” 🏃♂️
Crypto analyst Ali Martinez has highlighted a key price range for Bitcoin, noting that the asset is currently trading between $86,900 and $84,800. Ah, the eternal analyst, always trying to predict the unpredictable. And who knows? Maybe one day we’ll see a price movement that’s actually worth predicting. 🤔
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2025-04-03 09:12