Just as the universe is trying to make sense of it all, crypto ETPs have decided to defy gravity and common sense last week. Bitcoin, Ether, and Solana products collectively siphoned $3.3 billion in inflows, lifting their AUM to a gloriously absurd $239 million-just shy of the August record of $244 billion. Who knew? 🌌
Bitcoin (BTC) started the week at $111,900 and somehow convinced itself to jump to $115,600 by Friday (+3.3%). Ether (ETH) followed suit, climbing from $4,300 to $4,500 (+4.6%). Meanwhile, Solana (SOL) embarked on a joyride from $214 to $239 (+11.6%), because why not? 🚀
According to CoinShares’ James Butterfill, Bitcoin funds enjoyed a “rebound” in sentiment, pulling in $2.4 billion-their best week since July. Short-bitcoin products, meanwhile, were left standing in the cosmic rain, recording modest outflows. Classic. 🌧️
Ether ETPs, after a long streak of outflows, finally decided to take a break and recorded $646 million in inflows over four days. It’s like watching a sloth learn to dance-eventually, it happens. 💃
Solana ETFs, in a moment of sheer audacity, hit their biggest single-day inflow of $145 million on Friday. This pushed their weekly total to $198 million, all thanks to Forward Industries’ $1.65-billion Solana treasury announcement. Because nothing says “confidence” like stashing $1.6 billion in cash and stablecoins. 💰
Galaxy Digital, Jump Crypto, and Multicoin Capital led the charge, with Galaxy buying $1.5 billion in Solana tokens-$305 million in a single day. It’s like watching a goldfish invest in a yacht. 🐟🚢
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2025-09-15 16:16