Well, it’s official: cryptocurrency is once again the belle of the ball. Or should I say, the belle of the bubble? After a few weeks of uncertainty, Bitcoin has rebounded to a whopping $110K, and Ether has briefly surged past $2,800 for the first time since February. It’s like the good old days all over again! 🎉
According to CoinShares, global crypto exchange-traded products (ETPs) recorded a staggering $1.9 billion of inflows in the trading week ended Friday. That’s a nine-week streak of inflows, folks, totaling a whopping $12.9 billion. I mean, who needs a 401k when you can just invest in crypto, right? 🤣
And let’s not forget about the historic record of year-to-date (YTD) inflows of $13.2 billion. That’s a lot of moolah, if I do say so myself. James Butterfill, CoinShares’ head of research, must be beaming with pride. Or maybe he’s just beaming with a healthy dose of skepticism. Either way, it’s a lot of cash! 💸
Total assets under management (AUM) in crypto ETPs edged up to $179 billion from last week’s $175.9 billion. Because, you know, $3.1 billion is just a drop in the bucket when you’re dealing with numbers this big. 🤑
And the winner of the inflows game is… Bitcoin! 🎉 After two weeks of minor outflows, Bitcoin investment products recovered to see significant gains, topping the chart last week with $1.3 billion of inflows. Short-Bitcoin products also recorded modest inflows of $3.7 million, though their AUM remained low at $96 million. Because who needs to short Bitcoin when you can just buy it and hope for the best? 🤞
Ether ETPs ranked second in inflows, maintaining their positive trend with a further $583 million in inflows last week. According to CoinShares’ Butterfill, the inflows marked ETH product’s largest gains since February, including their strongest single-day inflows. I guess that’s what happens when you’re the second-most popular cryptocurrency. 🤷♀️
And in other news, XRP investment products saw $11.8 million in inflows last week, while Sui products saw a further $3.5 million in inflows. Because who doesn’t love a good underdog story? 🐕
BlackRock’s iShares exchange-traded funds (ETFs) led the gains among issuers last week with $1.5 billion of inflows, pushing YTD inflows past $14.2 billion. I guess that’s what happens when you’re the biggest kid on the block. 🤯
All US-issued crypto ETFs followed with minor weekly inflows of up to $95 million, while the European fund, CoinShares XBT Provider, posted minor outflows of $17 million. Because who needs Europe when you have America? 🇺🇸
And finally, although crypto funds have seen a nine-week run of inflows, almost all the issuers are still seeing YTD outflows. Grayscale is leading the losses with more than $1.6 billion of outflows. But hey, who needs profits when you can just have hype? 🤪
US issuer ProShares is the only issuer seeing no YTD outflows, with inflows totaling $437 million YTD. I guess that’s what happens when you’re the only adult in the room. 👏
Read More
- Clash Royale Best Boss Bandit Champion decks
- Mobile Legends November 2025 Leaks: Upcoming new heroes, skins, events and more
- Stocks stay snoozy as Moody’s drops U.S. credit—guess we’re all just waiting for the crash
- Bentley Delivers Largest Fleet of Bespoke Flying Spurs to Galaxy Macau
- The John Wick spinoff ‘Ballerina’ slays with style, but its dialogue has two left feet
- Bealls & Flexa: Bitcoin Bonanza at 660+ Stores! 🛍️💰
- Clash of Clans: How to beat the Fully Staffed Challenge
- Delta Force Best Settings and Sensitivity Guide
- Millionaire Chicken Heir Johnny Ingham and Wife Rey Welcome Their First Baby!
- Clash Royale Furnace Evolution best decks guide
2025-06-16 11:38