Oh. My. God. So, apparently Bitcoin is…up. Again. Like, REALLY up. It’s done that thing where it reaches a “new record high” – which, frankly, feels less like an achievement and more like a slightly terrifying escalation. And people are throwing money at it. Loads of it. Specifically, $1.18 billion into those Spot Bitcoin ETFs on Monday. Honestly, sometimes I just want to knit.
Apparently, this is the second-biggest inflow ever, beaten only by November 7th, 2024 – you know, the day everyone collectively decided Donald Trump being President was…a good thing for Bitcoin? 🤷‍♀️ (Don’t ask me to explain the logic. I’m trying to understand my own life, let alone crypto.)
And it all happened while Bitcoin was having a little ‘moment’ and hitting over $126,000. October’s looking rather healthy for the ETFs, at $3.47 billion in just four days. Four days! It’s like Black Friday for people who understand blockchain… which, let’s be honest, is probably not me.
Overall, these ETFs have hoovered up around $60 billion since they launched. $60 BILLION. I’m struggling to get my recycling sorted, and people are throwing that kind of money around. It’s…humbling. And slightly alarming.
BlackRock’s IBIT: The Popular Kid
Naturally, BlackRock’s IBIT is leading the charge, because of course it is. They got, like, $967 million on Monday. It’s basically the cool kid at the crypto party. They’ve already brought in $2.6 billion this month. You know, just casually. Meanwhile, Fidelity, Bitwise and Grayscale are getting some crumbs, too. It’s a bit like watching a school lunch – some get the whole pizza, the others get a stray crust.
IBIT: Speed Demon
And get this: IBIT is almost at $100 billion in assets under management. Apparently that’s really fast. Like, “Vanguard S&P 500 ETF took over two thousand days” fast. IBIT’s aiming to do it in under 450. Honestly, the whole thing feels a bit… frenetic. Like everyone’s on fast forward. Only 18 ETFs have surpassed $100 billion, FYI because knowing random stats makes me feel slightly less inadequate.
Apparently, it’s all down to institutional investors. They are all over Bitcoin. Retail investors? Still hanging back, apparently. Which is sensible, really. I mean, who understands any of this? 🙄
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2025-10-07 08:58