BlackRock’s Bitcoin ETF: Will It Soar or Crash Like My Hopes for a Summer Body?

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So, it turns out BlackRock’s iShares Bitcoin Trust (IBIT) has become the latest sensation on Wall Street, like that new pizza place everyone’s talking about. With $70 billion in assets and inflows that could give a rollercoaster a run for its money, IBIT is turning heads. But here’s the kicker: in the last month, it’s up 13%. People are now betting it’ll rise 28% more. All the way to $77. Because why not, right?

Can IBIT Hit $77 Before June 27? Spoiler Alert: It’s a Wild Ride

On Tuesday, someone made a move that could make even the most seasoned traders sweat. They bought 3,000 contracts of IBIT’s $77 strike call option that expires June 27. The cost? A cool $39,000. That’s a lot of faith—or foolishness—depending on how you look at it. The $77 strike suggests they think IBIT’s price is going to go above that, which means a 28% surge from its Tuesday closing price of $60.40. Bold move. Let’s see if it pays off. 💸

Bitcoin $BTC Unusual Options Trade 🚨

A trader bought 3,000 $IBIT 77 strike calls expiring June 27 this morning for $0.13 (total premium of $39,000)

— Barchart (@Barchart) June 4, 2025

If you’re wondering, a call option is like a VIP pass to a concert—you get the right to buy the asset at a certain price before the contract expires. In this case, someone is betting IBIT will reach the $77 mark. Fingers crossed, I guess? 🤞

Market watcher EndGame Macro believes this is a bold bet. They think the buyer might be expecting something big, like an ETF floodgate opening or a sudden change in the market. Or maybe they just got really good advice from their neighbor who’s really into cryptocurrency. Who knows?

That’s a high-conviction bet on a near-term upside breakout. With IBIT trading around $60.40 and the $77 strike sitting roughly 28% out of the money, this trader is either anticipating a major catalyst like a surge in ETF inflows, a macro pivot, or a regulatory greenlight or…

— EndGame Macro (@onechancefreedm) June 4, 2025

And just when you thought this couldn’t get more impressive, IBIT is breaking records like it’s auditioning for the next Fast & Furious movie. In just 1.4 years, it’s now in the top 25 largest ETFs—because who doesn’t love an overachiever? According to Bloomberg’s ETF guru Eric Balchunas, it’s one of the fastest-growing ETFs ever. 🏎️💨

Here’s a table of the Top 25 biggest ETFs and their age. At 1.4 yrs old $IBIT is youngest on list by NINE times. It’s like an infant hanging out with teenagers and twenty-somethings. Quite possibly the most insane IBIT stat yet (and there are many) via @SirYappityyapp

— Eric Balchunas (@EricBalchunas) June 3, 2025

Bitcoin ETF Inflows: Back with a Vengeance

Hold onto your hats, because ETF inflows are making a dramatic return. On Tuesday, $375 million poured into Bitcoin ETFs, but it wasn’t all IBIT. Ark Invest’s ARKB and Fidelity’s FBTC stole the show, each bringing in over $130 million. Talk about a popularity contest. This follows a rather dramatic $1 billion outflow from the previous three trading sessions. Drama, drama, drama. 📉

Meanwhile, Trump’s media company has decided to throw its hat into the ring and launch a Truth Social Bitcoin ETF. Because if there’s one thing this market needed, it’s another contender, right? They plan to track spot Bitcoin and list it on the NYSE, but Bloomberg’s Eric Balchunas isn’t exactly holding his breath for its success. I mean, you’ve got BlackRock and Fidelity in the ring already. Good luck, pal. 🙄

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2025-06-04 21:49