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fbtc, ibit, arkb, 21shares – we're talking big gains and heavy hitters in the game, but let's not forget about eth ethereum and the crazy money flowin' in there too – it's a wild ride,
fnb bitcoin hittin' $118k with $1.2 billion flow? blackrock's iBit flexin' $448.5 mil and 700k BTC?! ethereum funds poppin' $383 mil! nate geraci
fnb bitcoin hitting $118,000??! bro i'm putting my life savings in meme coins rn 🚀📈 lmfao who needs gold when you can hodl fbtc and eth like a degen ngmi 💀
The FNB Bitcoin in the US saw a surge in investor activity with the crypto reaching over $118,000. Sosovalue data reveals $1.2 billion inflows, the second highest since their 2024 launch. Funds attracted over $15 billion since mid-April.
Blackrock's Ibit led with $448.5 million inflows and holds over 700,000 Bitcoin. FBTC Fidelity and ARKB 21Shares also saw solid gains. Bloomberg's Eric Balchunas noted the institutional interest in Bitcoin ETFs, predicting FNB Bitcoin may surpass gold funds in assets in 3-5 years.
ETHEREUM ETHEREUM funds in the US collectively attracted over $383 million, with BlackRock's Ishares Ethereum Trust leading. Other transmitters like Grayscale, Fidelity, Bitwise, and Vaneck also saw significant inflows. Nate Geraci of Novadius Wealth highlighted the increasing allocation of BTC & ETH ETFs by financial advisers.
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