Why Abu Dhabi’s Bitcoin Bet Has Everyone Talking
ETF investors here in the States are hovering around their cost basis of $90,146, which is just a fancy way of saying they’re neither winning nor losing-they’re just… existing. Even with $372.8 million fleeing the scene in a single day, total assets haven’t plummeted off a cliff. This suggests the sellers aren’t coming from the ETF markets but from somewhere else entirely. Maybe they’re just tired of Elon Musk’s tweets. 🤷♂️ Meanwhile, IBIT is trading near $52, which is roughly the price of a decent sushi dinner in New York City.





