Bitcoin ETFs Soak Up $4.7B in 30 Days as Traders Go Full Bull Mode
Wall Street’s shiny new Bitcoin toys just raked in another $310M yesterday—because apparently traditional finance finally figured out ’buy low’ doesn’t apply when everyone’s FOMOing at $67K.
Grayscale’s GBTC bleeding slows to a trickle while BlackRock’s IBTC becomes the golden child (who knew branding mattered?). Meanwhile, hedge funds are leveraging these things like it’s 2021 and someone forgot to tell them about leverage.
The real kicker? These inflows hit right as the SEC quietly approves paperwork for leveraged Bitcoin ETFs—because what could possibly go wrong with 3x crypto exposure wrapped in a 40-act structure?
Fun fact: The ’smart money’ now holds more BTC via ETFs than MicroStrategy. Cue the institutional adoption narratives—and prepare for the inevitable ’correlation with traditional markets’ excuse when this blows up.