Crypto Chaos: $226M Inflows Amidst a Market Meltdown! 🚨💰

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The world of cryptocurrency, that wild and untamed beast, continued its strange dance last week. Exchange-traded products (ETPs), those modern-day gold rushes, saw modest inflows, a flicker of hope after a record-breaking exodus of cash. It was as if the miners had found a new vein, but the gold was still tarnished.

Global crypto ETPs pulled in another $226 million in the last trading week, adding to the prior week’s $644 million haul, according to CoinShares on March 31. Yet, despite this two-week glimmer of optimism, the total assets under management (AUM) kept slipping, like sand through a prospector’s fingers, dropping below $134 million by March 28.

James Butterfill, CoinShares’ head of research, noted that last week’s inflows hinted at cautious optimism among investors, even as the US core Personal Consumption Expenditures came in higher than expected. It was as if the townsfolk were whispering, “Maybe the storm’s passed,” while still clutching their hats.

Bitcoin, the Reluctant Hero

Bitcoin (BTC), that old warhorse, led the charge, attracting $195 million in inflows for the week. Meanwhile, short-BTC products continued their losing streak, bleeding $2.5 million for the fourth week in a row. Altcoins, those scrappy underdogs, finally saw a week of inflows totaling $33 million, after four weeks of hemorrhaging $1.7 billion. It was as if the circus had come to town, and the clowns were finally getting paid.

Among the altcoins, Ether (ETH) led the pack with $14.5 million in inflows. Solana (SOL), XRP (XRP), and Sui (SUI) followed, bringing in $7.8 million, $4.8 million, and $4 million, respectively. It was a motley crew, each with its own story, but all hoping for a happy ending.

AUM Hits Rock Bottom

Despite the recent inflows, crypto ETPs couldn’t turn the tide on total AUM. Since March 10, the total crypto ETP AUM dropped 5.7% from $142 billion to $133.9 billion as of March 28, the lowest level in 2025. Butterfill pointed to the slump in cryptocurrency prices as the culprit. “Recent price falls have pushed Bitcoin global ETP’s total assets under management to their lowest level since just after the US election at $114 billion,” he wrote. It was as if the gold rush had turned into a ghost town.

Since Jan. 1, 2025, the BTC price has dropped 13.6%, while the total market capitalization has tumbled nearly 20%, according to CoinGecko. It was a sobering reminder that even in the land of digital dreams, gravity still applies. 🎢📉

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2025-03-31 14:00