Ah, the delightful dance of cryptocurrency, a masquerade that seems to defy the weight of common sense! Last week, the ever-volatile realm of digital coins witnessed a veritable Tchaikovsky symphony of record-breaking inflows, serenading the beleaguered investors with sweet, sweet music as gains reached their 14th successive week. 🎶💰
According to the esteemed CoinShares—wizards of financial forecasts—global crypto exchange-traded products (ETPs) made a princely leap, amassing a staggering $4.4 billion over the trading week that expired like a stale loaf on Friday. Talk about a happy ending! 🥖💸
This flush of funds came as Bitcoin (BTC), the notorious trickster, leaped majestically over the $122,000 mark on July 14, only to perform a swift pirouette down to an intraweek low of about $116,000 before finishing at a graceful $120,000. A ballet of prices, wouldn’t you say? CoinGecko, our ever-watchful chronicler, detailed this pas de deux with glee.
With this new wave of fortune, the year-to-date (YTD) inflows into crypto ETPs ballooned to a grand total of $27 billion, while total assets under management (AUM) finally crashed through the ($220 billion) glass ceiling, perhaps celebrating the ascent with a champagne shower. 🥂💥
Ether ETP inflows: A Year to Remember!
Now, let’s turn our lens to the magnificent Ether (ETH) – a creature of many moods and mystique. Just last week, Ether ETPs broke every conceivable ceiling, with 2025 inflows vaulting past the total inflows of 2024, smoothly landing at $6.2 billion. Weekly inflows did a double somersault as they hit an impressive $2.12 billion—the new kings of record-keeping, if you will! 🏆👜
This fresh wind blew as ETH soared beyond $3,500, a glorious resurgence from the dark trenches where it languished below $1,500 in the bleak spring months of April. How fickle the fates are in the cryptographic kingdom! 🍃📈
“The past 13 weeks of inflows now represent a splendid 23% of Ethereum AUM,” Butterfill, CoinShares’ great sage, astutely remarked. It seems the digital wind is at their back! 🌬️✨
New Bitcoin highs: Unfazed Inflows!
And let us not overlook our old friend, Bitcoin, who, despite its dizzying heights, managed to spirit its ETP inflows to a robust $2.2 billion last week, amounting to an impressive 50% of the total crypto ETP inflows. The master of resilience, indeed! 🎩🔝
While the likes of Solana (SOL), XRP (XRP), and Sui (SUI) garnished a rather modest $39 million, $36 million, and $9.3 million in inflows, respectively, it seems they are merely the supporting cast in this grand opera of wealth accumulation. 🎭💰
This story is far from a quiet conclusion, dear reader. The narrative shall continue to unfold, perhaps with more characters and plots yet to be discovered. Stay tuned! 📖🔍
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2025-07-21 12:01