You Won’t Believe How Many Days BlackRock’s Bitcoin ETF Has Been Winning

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In the grand and occasionally baffling Discworld of finance, BlackRock’s iShares Bitcoin Trust ETF (IBIT) has chalked up 18 days in a row of positive inflows. For those who don’t speak high finance, that means money is oozing in like cream through a sieve, and very little is coming out (except, perhaps, optimism).

Just yesterday, Thursday, $69 million migrated into IBIT. To put that into perspective, it’s enough cash to fill a swimming pool that no insurance agent would ever approve. Collectively, net assets are now staggering perilously close to $63 billion, which is enough for every Ankh-Morporkian to hire their own qualified assassin. Twice.

The rest of the Bitcoin ETF family is also wearing their best “green is good” hats, netting a collective $117 million in inflows. Alas, every gathering has its awkward uncle and this time it’s Grayscale’s GBTC, which managed to misplace $23 million. Somewhere, a Grayscale accountant is probably stress-eating banana peels. 🍌

Meanwhile, if you squint really hard, the Bitcoin price itself seems almost eager to hit another record—currently preening at $103,633 over on Bitstamp. That’s a mere hop, skip, and financial wizard’s flight away (less than 5%, if you must count) from its all-time high of nearly $109,000, reached back in late January, when everyone was still pretending to care about New Year’s resolutions.

Stay tuned. If these numbers get any bigger, they’ll have to invent new numbers. 📈💰

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2025-05-09 11:13