Blackrock ETF Hits $1 Billion | Bitcoin Price Slumps

In this episode of the Bitcoin ETF Daily Show, Dante Cook covers Blackrock hitting over $1 Billion in assets under management, the continued post ETF approval blues for the Bitcoin price, as well as the historic inflow numbers where it has already beaten Silver ETFs in the first 5 days of trading.

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Black rocks ETF hits over 1 billion in assets under management the Bitcoin price continues to slump a cyber War ignites between Wall Street asset managers on Twitter Bitcoin surpasses 5,000 year old asset silver in just 5 days new ETF products launched Elon must thoughts on Davos and much more you’re

Going to want to stick around for this one welcome to the Thursday January 18th edition of the Bitcoin ETF Daily Show I’m cook head of swan business in this show we discuss the latest news events winners losers and key information surrounding the historic Bitcoin ETFs here at Swan we’re on a mission to

Educate the world about Bitcoin so please like this video subscribe to the channel and hit the notification Bell to extend our reach and help us cut through the noise here on YouTube in a new and interesting development we received a report of shots being fired on Twitter

We believe the interns at vanac have clapped back at their fellow interns of Franklin Templeton we’re uncertain if this is who the Tweet was intended for but we have sources inside close to the matter that have confirmed the comments were indeed meant for the temple which I

Think has a double meaning meaning both the head and their rival we’ll keep you up to date to see if any rutto comes back from Franklin templeton’s camp on with today’s news Bitcoin ETFs have surpassed silver as the world’s second largest commodity ETF in assets under management in just 5 days there’s just

Over 20 7.5 billion in assets across 10 Bitcoin ETF issuers compared to 115 billion across five silver issuers although Bitcoin sits behind gold with over 96 billion in assets under management spread across 19 ATF issuers the Gap is closing quickly so much for the assets that have been around for

5,000 years that’s just 5 days not bad for a pet rock even with the massive selling pressure coming from another 458 million flowing out of gbtc the inflows outweigh weigh the outflows with a total of 474 million of net inflows Black Rock was the winner yesterday with over $373

Million in inflows with Fidelity coming in second place with 359 million in inflows and bitwise coming in third coming back to overtake Ark with 68 million in inflows it’s only been 5 days but we can already see gbtc outflows are beginning to get smaller and smaller in conjunction with a steady increase of

Inflows for the other spot Bitcoin ETFs this bodess well for the long-term future Bitcoin accumulation through these products I want to put something into context for us the numbers for the spot Bitcoin ETFs aren’t just punching above their weight class for the first week of ETF launches these inflows are

Stacking up with the highest inflows of all ETFs in the entire Market Black Rock and Fidelity’s inflows are fourth and fifth behind ivv I shar’s core S&P 500 ETF QQQ invesco’s QQQ Trust series their NASDAQ 100 fund and vo vanguard’s S&P 500 Index Fund you even see at the

Bottom bitwise coming in at number 10 overall let’s talk about Black Rock for a second their new ibit product has a staggering in record-breaking $1 billion in assets after just four trading days compare that with their blockchain and Technology ETF iblc that they launched in April of

2022 which still only has $18 million in funds Maybe Wall Street is finally learning that Bitcoin is better than blockchain but maybe not UBS just sent their ultra high net worth clients a memo this week stating the fundamental case for Bitcoin remains weak sometimes they never learn although ibit is

Cheaper than almost all of black Rock’s other ETF products to them it’s okay if this is a loss leader they have unrivaled scale in the ETF game with over 13,000 ETFs and over two trillion in assets under management in the us alone so how will they capitalize on

This I’ll be interested to see what other Bitcoin products and services they might offer in the future will they follow Fidelity and try to build their own custody we’ll have to wait and see although we don’t know what black rock may release in the future we definitely

Know about some of the other future products that other Wall Street competitors will launch to capture the Bitcoin ETF frenzy the old trafi gambling derivative products kathern clay Global head of derivatives from the CBOE had this to say so it seems like the next logical step is options on spit

Spot Bitcoin ETS what can you tell us about that process how far along is sibo with all of that we couldn’t agree more that options are the next logical step on these ETFs we really believe in an asset like crypto and Bitcoin in particular that options add exactly that

Utility that are really important for risk mitigation and additional opportunities for investors and Traders to add to their portfolio we filed with the SEC uh for permission to list op options on bitcoin ETFs last week and so we’re really in this holding pattern of waiting to see what the Regulators will

Do with our filing and other exchanges filings as well bitcoiners are hodlers we don’t trade we don’t sell these ETFs may represent Bitcoin the asset but they will never represent the underlying ethos of the Bitcoin community and holding real Bitcoin you know I can’t help but notice uh that bitcoin’s 2-year

Peak in price occurred the day the ETFs went public last Thursday so there’s this inclusion in fact we had a nice run up in Bitcoin going into it and it’s been down since then any thoughts on that well as a a Trader myself I remember the old adage you know buy the

Rumor sell the news I think there was a lot of anticipation running into this announcement with the approved uh Bitcoin ETFs uh there’s no explaining day-to-day price movements of any security let alone this one I think right now we’re in a little bit of a riskof pattern if you look across the

Markets today so it’s hard to speculate on just day-to-day price movements Catherine who’s a former Trad trer says buy the rumor sell the news but we only have one adage in Bitcoin buy the dip we know the inevitable outcome related to other products trying to capture market share from the Bitcoin

ETF frenzy your favorite Crypt bro raia that no one’s ever heard of roundhill now has a covered call Bitcoin ETF trading in the US called ybtc do you want to invest your hard-earned money in a fund that was founded in 2018 that launched the first thematic ETFs around the metaverse sports betting and

Generative AI do you really want to invest your hard-earned money with an investment adviser that wears a flat brim fitted cap to the New York Stock Exchange why BTC I know it’s just human nature and I probably will never understand it but unfortunately some people will flock to this product faster

Than husbands who get a text from their wife that said I saw Elon mus tweet do you want to watch a Javier mlay video tonight I’ll tell you why BTC because real BTC is decentralized secure scarce stateless permissionless energy money the kind of energy currency that was

Predicted by Henry Ford 100 years ago that would stop Wars don’t chase the new thing get good advice from the real experts if you’re a high- net worth investor and want a legitimate advisor to help guide you on your Bitcoin Journey from first purchase to inheritance planning speak with one of

Our Swan private team members today the swan private team helps high net worth individuals family offices businesses and Trust understand Bitcoin and capture a significant upside if you want to schedule a meeting with the team click the swan private link in the show notes with that thanks for joining us today

I’m Dante cook head of swan business if you’ve enjoyed these videos please do me a favor and subscribe for future updates until next time Tick Tock next block TI To I keep don’t worry about what we next T next next ti ti tock tick Tock TI To