One gathers, with a somewhat jaded air, that Bitcoin, Ethereum, and indeed, the rather vulgar XRP, have experienced a modest influx of capital – a paltry $1.4 billion or so. The entire affair smells faintly of speculative mania, but BlackRock’s IBIT seems to be leading the charge, which, naturally, signifies nothing so much as the inescapable triumph of good sense amongst the institutions. Or, at least, a desire not to be left at the station as the herd stampedes.
Bitcoin, one is informed, remains ‘strong’ at $95,000. A sum which, frankly, is becoming increasingly difficult to comprehend. It is ‘supported,’ apparently, by these institutional ‘inflows.’ One assumes support involves a network of gleaming velvet cushions. 🤔
During the week of January 12th to 16th, U.S. spot Bitcoin ETFs saw rather more than $1.4 billion descend upon them. BlackRock’s IBIT, ever the diligent acolyte, collected a staggering $1.035 billion. A truly alarming figure, and one that invites suspicion.
The inevitable conclusion, naturally, is that this will ‘drive Bitcoin’s momentum higher.’ As if momentum requires any encouragement.
Institutional Confidence – Or Just FOMO?
The recent surge in ETF money reflects, it is said, a ‘shift in institutional sentiment.’ One suspects the shift is less about sentiment and more about a rather frantic scramble to appear ‘modern’ and ‘forward-thinking.’
A record $1.42 billion in new capital! Good heavens. And BlackRock’s IBIT, bless its corporate heart, was responsible for the lion’s share. Apparently, these men of finance are ‘increasingly seeing Bitcoin as a viable long-term asset.’ Viable, one supposes, until the entire edifice collapses. 🙄
U.S. spot Bitcoin ETFs recorded $1.42 billion in net inflows during the trading week of Jan 12-16 (ET). BlackRock’s IBIT led inflows with $1.035 billion. Spot Ethereum ETFs saw $479 million in net inflows over the same period, with BlackRock’s ETHA ranking first at $219 million.…
– Wu Blockchain (@WuBlockchain)
These ETFs are ‘growing in popularity’ because they offer ‘secure and regulated exposure.’ As opposed to, one presumes, the thrilling, unregulated wild west of actual cryptocurrency. It’s all rather…civilized.
Bitcoin’s ‘standing’ in the financial world is ‘solidifying’ with institutions investing. One hopes it has a good solid foundation. One wouldn’t want it to crumble.
Naturally, one doesn’t want to buy Bitcoin directly. Far too vulgar. It’s much better to buy a share in a fund that buys Bitcoin for you. It adds a certain layer of…distance.
Price Strength – A Bubble, Surely?
Bitcoin has held above $95,000, apparently ‘supported’ by these institutional inflows. Analysts, those soothsayers, believe it could reach $100,000. One rather doubts it, but one is rarely right about these things.
‘On-chain metrics’ and ‘technical indicators’ are ‘showing bullish signs.’ A blizzard of jargon, if you ask me. 🤨
Resistance around $95,000 to $96,000. A drop below $94,500 could lead to a ‘pullback.’ One feels a headache coming on.
Related Reading: BlackRock Withdraws Bitcoin as BTC Slips to $95K Sparking Sell Fears
Ethereum – A Distant Second
Ethereum ETFs have also seen inflows – $479 million, a mere pittance compared to Bitcoin. BlackRock’s ETHA leads with $219 million. This ‘highlights’ the ‘growing institutional interest.’ One rather suspects it highlights the fact that Bitcoin is much more interesting.
Institutional investors are ‘diversifying’ their crypto holdings. A rather grand way of saying they’re hedging their bets.
As more capital flows in, the market is likely to see ‘continued growth.’ Or, possibly, a spectacular implosion. One never knows. 🤷
Bitcoin and Ethereum are ‘becoming central’ to digital asset strategies. One assumes this is a matter of grave concern to those who prefer more traditional forms of investment.
The increased interest in Ethereum ETFs suggests institutions are ‘diversifying.’ A comforting thought for those heavily invested.
As these inflows continue, Bitcoin and Ethereum may well ‘continue to push toward new highs.’ Or not. One remains skeptical.
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2026-01-18 19:31