🤯 They’re Buying WHAT?!

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Right then, listen up! This lot called Choreo – sounds like a dancing school, doesn’t it? – have gone and splurged a whopping $6.5 million on these newfangled Bitcoin thingamajigs, specifically those ETF whatsits. And get this, they’re supposed to be terribly clever with money, managing a colossal $27 billion! Imagine losing a fiver out of that… oh, the drama! 🙄

Choreo Reveals Exposure To Bitcoin ETF

Apparently, they scribbled something down for those nosey parkers at the SEC (that’s the Serious Eeyore Committee, if you ask me) admitting they’ve got their mitts on a few of these Bitcoin ETFs. The biggest pile of shares – 51,679 of them! – is in BlackRock’s iShares Bitcoin Trust. That’s worth a rather flashy $3 million as of June 30th. Honestly, you’d think they’d have something better to do with the money… like buying a decent chocolate factory. 🍫

They’ve also got 22,976 shares of Grayscale Bitcoin Trust, worth about $1.9 million. And don’t forget 8,314 shares in a ‘Mini’ version of the Grayscale one… because apparently, regular Bitcoin wasn’t exciting enough. That was almost $400,000. It’s all a bit dizzying, isn’t it?

And as if that wasn’t enough foolishness, they’ve snapped up 13,607 shares of Fidelity Wise Origin Bitcoin ETF, costing them roughly $1.3 million. Now, BlackRock, those clever clogs, seem to be leading the pack with $89.11 billion sloshing around in their ETF. Show-offs!

People have been piling money into these Bitcoin ETFs for four months straight, shoving in over $17 billion between April and July. But then… *gasp* …August had a little hiccup and $321 million left! Can you believe it? The nerve! Still, everything adds up to over $155 billion. That’s 6.48% of *all* the Bitcoin ever made. Maddening, simply maddening!

It isn’t only dancing firms going bonkers for Bitcoin ETFs, oh no. Brainy universities are getting involved too! Harvard University got hold of $117 million worth of the BlackRock ETF. Honestly, they should be teaching the students how to do proper sums, not gambling with digital doodles! 🧐

And even Norway’s money hoarders – their sovereign wealth fund – have bumped up their sneaky Bitcoin exposure by 192%! That’s 7,161 Bitcoins, and probably a whole lot of accountants having nightmares.

BTC ETF Euphoria Grips Crypto Market

Bitcoin itself is wobbling around near a new record high, bobbing at about $120,000. And everyone, of course, is going completely bonkers for these Bitcoin ETFs. It’s a right kerfuffle!

BlackRock’s ETF ballooned to $70 billion in under a year. A record, apparently. They are sure to be very pleased with themselves.

And get this: after that Donald Trump fellow won an election (another story for another day!), his social media company, Trump Media, decided they wanted a piece of the pie too and even filed for another ETF. It’s going to track five different cryptocurrencies. Five! As if one wasn’t enough trouble already!

Of course, the watchdogs are keeping a close eye on everything to make sure nobody gets their fingers burned. But, at the moment, Bitcoin is trading at a rather lofty $121,444 – 1.1% up in the last 24 hours. It’s all a bit silly, really. Absolutely ridiculous. But oh, so very interesting! 😈

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2025-08-14 06:17