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Crypto Markets Hold Steady as Bitcoin ETFs Rake in $590M—Wall Street Finally Wakes Up
Crypto Markets Hold Steady as Bitcoin ETFs Rake in $590M—Wall Street Finally Wakes Up
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Bitcoin, XRP, and Ethereum show unflappable resilience—barely blinking after last week’s 10% correction. Meanwhile, the real action happens off-chain: spot BTC ETFs just vacuumed up another $590 million in institutional cash.
The ETF effect:
BlackRock’s IBIT now holds more BTC than MicroStrategy. Yes, the same Wall Street that called crypto a ’fraud’ in 2018 is now scrambling for exposure. Funny how 7% annualized returns change minds.
The cynical take:
Watch traditional finance ’innovate’ by... *checks notes*... buying the asset they spent years mocking. Next they’ll ’discover’ that holding beats day-trading—revolutionary stuff.
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