Bitcoin ETFs just broke a brutal $500M losing streak, but the entire recovery is an illusion propped up by BlackRock

- Bitcoin ETFs “broke” a $500M losing streak? Please. The headline inflow was a mirage propped up entirely by BlackRock’s IBIT, which sucked in $89.8M to cover the hemorrhaging at Fidelity and ARK. Every other fund sat at zero net flow—absolute ghost town energy. It’s not a market recovery; it’s a single entity carrying the dead weight of the entire sector. While the moonboys cheer the green number, the rest of the ecosystem is bleeding out. This isn’t institutional demand returning; it’s just BlackRock playing hero while everyone else packs their bags. Don’t let the aggregate total fool you into thinking the ship is seaworthy when only one engine is firing. If you’re not IBIT, you’re irrelevant.