In a most delightful twist of fate, the magnanimous U.S. Bitcoin ETFs have netted a staggering $1.17 billion, whilst their Ethereum counterparts have gracefully accepted $383 million, a veritable banquet of institutional greed amid the roaring crescendo of recent all-time highs. 🍾
Ah, but who leads this merry dance of financial exuberance? None other than the illustrious BlackRock and the ever-dashing Fidelity, with the IBIT gallantly garnering $448 million and Wise Origin tiptoeing behind at a respectable $324 million, courtesy of the astute Farside Investors! All this pomp as Bitcoin pirouettes past $118,000, refusing to take a bow even as Friday approaches. Isn’t it simply fabulous? 🕺
And let us not forget our charming Ethereum ETFs, who, like spoiled darlings, have unfurled their splendid banners. BlackRock’s Ethereum Trust (ETHA) alone has triumphed with a most delectable $300.9 million, setting its best day yet—if only it were a socialite at a ball! 🎉 The total ETH ETF fortune is nothing short of a record, second only to the inaugural gala.
But lo and behold! Despite this electrifying inflow frenzy, our traditional advisors linger aloof, as if contemplating a tepid cup of herbal tea. Nate Geraci of NovaDius Wealth Management observes with a raised eyebrow that distinguished platforms like Vanguard are still playing hard to get, refusing to introduce the haute couture of crypto vehicles to their repertoire, even as clamorous demand dances around them like a persistent suitor. 😏
In the grand theater of supply and demand, the ETF purchases operate with the elegance of a prima ballerina, far outpacing the humble coin issuance. Over the past 24 hours, a meager $6.33 million in new ETH deigned to enter circulation, while ETF demand surged with a flourish of $383 million. As for Bitcoin, a staggering $28.22 billion has been waltzed away by U.S. ETFs and Strategy thus far this year, whilst meek miners have only released a paltry $7.85 billion, according to our keen-eyed comrades at Galaxy Research.
This delightful imbalance brings forth a rather enthralling narrative: the insatiable appetite of investors through ETFs outstrips the mere whimper of new crypto creations, further tightening supply as the prices strut their stuff on the grand stage of capitalism. Perhaps a comedy of errors? Or merely the next act in this ever-so-fascinating drama? 🎭
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2025-07-11 14:07