2025-12-20 09:30:18

#BTC资金流动性 An interesting phenomenon: BlackRock's Bitcoin spot ETF (IBIT) performance in the first half of 2025 has been quite "embarrassing." According to data, this product stood out among the top 25 US ETFs by fund inflows, but it was the only one to record a negative return—a decline of 9.59%. This contrast is indeed a bit ironic. Against the backdrop of Bitcoin prices fluctuating and market liquidity remaining a hot topic, a spot ETF from a giant has failed to outperform the market, prompting reflection: is it a problem with the product itself, or is the market structure quietly changing?

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CryptoCross-TalkClub

· 12-22 17:12

Laughing to death, BlackRock's IBIT is teaching us what is the opposite of "big is not defeated".

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HodlAndChill

· 12-20 09:55

Black swan, huh? Even BlackRock has had a setback? --- IBIT has fallen so much, is it really dead? Still dare to claim it's institutional-grade? --- Laughing, leading in capital inflow but at the bottom in returns, how impressive is that? --- Wait, isn't this logic reversed? Capital comes in but the price still drops? There's a traitor. --- The pitfalls of spot ETFs are greater than those of futures; don't just look at the flashy name. --- BlackRock really dug its own grave with this move. How could it possibly underperform the market? --- Those who say ETFs are safe, does it still hurt to admit it now? Negative returns, haha. --- Capital liquidity is truly a mystery. So much money flowing in but it only weakens the market. --- It feels like the market structure is really changing. No matter how strong the product, it can't save the overall situation. --- A 9.59% drop isn't much; Bitcoin's volatility is just like this.

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StableGeniusDegen

· 12-20 09:51

BlackRock's IBIT is really incredible. Investing so much money and ending up with negative returns—I'm just wondering, what's going on?

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NotSatoshi