They’re Pourin’ Billions Into Crypto – What Sorcery Is This?

Well now, it seems them cryptocurrency contraptions called exchange-traded products, or ETPs if you want to be all fancy, done bounced back with the third-biggest pile of money takin’ a walk into their coffers last week. That’s what the clever folks at CoinShares tell us.

All them crypto ETPs around the globe hauled in a whopping $3.4 billion between April the 21st and 25th — which last I checked, is the fattest haul since December of ’24. That’s according to CoinShares, who apparently keep track of these shiny gold bricks in the virtual world.

This pile was just a hair’s breadth, only 13% shy of the all-time kingpin week, when they shoved $3.85 billion into those ETPs back in December, not so long ago.

Why the sudden rush, you ask? Well, the granddaddy of ‘em all, Bitcoin, strutted right on back above $90,000 last week, like a gambler reclaiming his chips after a dry spell. It hadn’t seen that amount of respect since an early March shindig, according to some ledger called CoinGecko.

Bitcoin ETFs: The Big Cheese Holding Court Over $90,000

Bitcoin, bless its digital heart, was the top dog among these ETPs, hauling in a respectable $3.18 billion all by its lonesome. That’s enough cash to cover all the money that had skipped town since the first of April, and then some — bringing this year’s total to a mighty $3.7 billion.

The pile of Bitcoin ETP assets under management has ballooned to $132 billion, and if you pile in every other crypto chestnut, it sums up to $151.6 billion. That’s enough to make any banker sweat through his vest.

Solana’s the Poor Sport

Now, almost everything was looking sunnier than a Mississippi morning, except Solana. That little rascal saw $5.7 million slip away last week, like moonshine draining outta a leaky barrel.

Ether, the silver to Bitcoin’s gold, managed to wrangle $183 million back, snapping out of an eight-week streak of looking sadder than a puppy on a leash.

And wouldn’t you know it, other lesser altcoins like Sui and XRP pulled in $20.7 million and $31.6 million, respectively, probably making their digital owners feel like kings of the world – or at least the corner hardware store.

Everybody’s Gettin’ a Slice of the Pie

This flood of fresh funds didn’t just hit one or two lucky fellers; it spread itself wisely among all the big players, from the United States to Europe.

BlackRock’s iShares ETFs were the belle of the ball, grabbing $1.5 billion like it was candy on Halloween. Not too far behind were ARK and Fidelity, covering $621 million and $574 million respectively — practically a charity auction for grown-up money.

Still, a few stubborn outlaws like Grayscale, ProShares, and CoinShares themselves saw some of their gold slipping away — $84 million, $18 million, and $7 million headed for the hills since April 1.

Why All the Fuss?

This sudden gush of cash marks a turn of the tide. We’d seen these crypto boxes bleeding money for most of 2025, and now the well’s runneth over, at least for a spell.

James Butterfill over at CoinShares says it’s likely folks got jittery about tariffs hampering company earnings, while slipping US dollars made poor investors scramble for a safer harbor — turning their eyes back to these digital gold mines.

Funny thing is, gold itself took a tumble last week after hitting a high note near $3,500 on April 22, only to stumble back to $3,275 the very next day, according to those fancy charts at TradingView.

So, if you wanted proof that folks’ll chase anything shiny — whether it’s cold hard gold or the invisible tidbits of bitcoin — well, here it is, plain as a frog on a log. 🐸💰

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2025-04-28 13:51