Oh, what a merry carnival of finance we behold! Cryptocurrency investment trinkets concluded last week not just in the green, but in a verdant paradise, boasting 15 unbroken weeks of inflows that would make even the most jaded miser weep with joy—though, truth be told, Bitcoin funds endured a paltry, almost laughable, dribble of outflows, like a leaky faucet in a mansion of gold. 😜
Global crypto exchange-traded gewgaws raked in a staggering $1.9 billion in inflows over the week ending that fateful Friday, July 25, as per the sage scribes at European crypto overlord CoinShares. And this amidst a storm of market tempests, where Bitcoin plummeted to pitiful depths of $115,000, and Ether toyed with the abyss below $3,600 on a whim, according to the ever-vigilant CoinGecko. 😱
These fresh spoils have inflated the year-to-date inflows to a ludicrous peak of $29.5 billion, with total assets under management ballooning to an unprecedented $221.4 billion for the first time ever. Why, even the month-to-date inflows shattered records, hitting $11.2 billion and outstripping that post-election frenzy of $7.6 billion in December 2024—truly, a spectacle fit for emperors and fools alike. 💸
Ether’s Influx Fiasco: Second-Biggest Haul in History, Or Just Dumb Luck?
The lion’s share of last week’s plunder was courtesy of Ether’s investment darlings, gobbling up $1.59 billion in inflows— a sum so vast, it ranks as the second-largest weekly feast ever for these ethereal entities, crowed James Butterfill, CoinShares’ head of research, with all the pomp of a carnival barker. Solana and XRP trailed behind like eager puppies, snatching $311.5 million and $189.6 million respectively, while poor Bitcoin ETPs suffered a minor mutiny with $175 million in outflows, snapping their 12-day inflow streak like an overcooked noodle. 🤦♂️
As Butterfill so sagely observes— with a wink and a nudge— this schism between Bitcoin’s doldrums and the altcoin revelry might stem not from some grand altcoin renaissance, but from feverish whispers of impending US ETF launches. “These altcoin inflows could be less about universal adoration and more about the hype machine for potential ETF debuts,” he quipped, ever the cynic. Meanwhile, lesser lights like Litecoin and Bitcoin Cash saw trifling outflows of $1.2 million and $0.7 million, proving that not all coins can bask in the sun. 😂
This tale is still unfolding, with more absurd twists doubtless on the horizon, as details trickle in like rain in a Gogolian downpour. Stay tuned, for the circus never ends! 🎪
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2025-07-28 12:39