Oh, the drama! đ Bitcoin exchange-traded funds (ETFs), those shiny toys for Boomer investors, only lost gasp less than $1 billion during Octoberâs crypto crash that sent BTCâs price plunging 20%. Senior Bloomberg ETF analyst Eric Balchunas shrugged, âTold yâall the ETF-using boomers are no joke. So whoâs been selling? Letâs just say⌠the call is coming from inside the house. đŹđťâ
ETFs finally broke their six-day âhot messâ streak Thursday with a measly $240 million inflow. Balchunas shared a chart showing $722 million in net outflows over the past month. Because nothing says âIâve got this under controlâ like watching $20 billion vanish faster than a magicianâs rabbit. đŠđ
Turns out, Bitcoin whales and long-term holders (aka âHODLersâ) decided to panic-sell like itâs a Black Friday sale at the crypto store. 400,000 BTC cashed out near $100,000, because obviously. Octoberâs crash? The worst liquidation event in crypto history. Investment banks rushed to revise price forecasts faster than a reality TV star changes their mind. đ¤Ż
Long-term HODLers: Selling faster than a caffeinated squirrel. ETF investors: âEh, weâll take it.â
CryptoQuant analyst Maartunn gasped: 405,000 BTC (worth $41.3 billion) dumped by âlong-term holdersâ who apparently forgot the definition of âlong-term.â Meanwhile, nearly half of ETF investors surveyed by Charles Schwab plan to buy crypto ETFs. Because why not? Beats emerging markets, commodities, and that timeshare in Tuscany thatâs definitely a scam. đˇđ¸
Shanaka Anslem Perera, author and crypto sage, tweeted: âETFs are slow money. RIAs, pensions, and 401(k)s buy rules, not rumors. Traders puke, basis traders unwind, perps cascade.â đ§ đ¸
Analysts claim ETF inflows are the âfloorâ keeping Bitcoinâs price from cratering like a gluten-free cookie. Passive investors? Theyâre here for the long haul, betting on BTCâs future as a store of value (or a really expensive digital necklace). đđ
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2025-11-08 00:12