Crypto investment products saw inflows totaling for the fifth consecutive week, but recent price declines saw total assets under management in ETPs fall to $163 billion, CoinShares reveals. It’s like the crypto market is having a mid-life crisis! 🤣
Digital asset investment products recorded inflows of $1.3 billion last week, marking the fifth consecutive week of gains, CoinShares revealed in a blog post on Feb. 10. The total inflows for the year now stand at $7.3 billion. That’s more than the GDP of some small countries! 🌍💰
Bitcoin (BTC) saw $407 million in inflows, with exchange-traded products now holding 7.1% of its total market cap. Meanwhile, Ethereum (ETH) led the market with $793 million in inflows, as its price dipped to around $2,100, prompting “significant buying-on-weakness,” says CoinShares head of research James Butterfill. It’s like people are saying, “Hey, it’s on sale, let’s stock up!” 🛍️
“While Trump’s tariff rhetoric is often a strategic opening gambit for better trade terms, the prospect of a full-scale trade conflict remains a major concern. Bitcoin, which trades 24/7, has already reflected these fears over the weekend, and equities have followed suit.”
James Butterfill
Regional inflows were widespread as well. The U.S. still accounted for the majority, allocating $1 billion, while Germany, Switzerland, and Canada saw inflows of $61 million, $54 million, and $37 million, respectively. XRP (XRP) and Solana (SOL) attracted $21 million and $11 million, respectively. Blockchain-related equities saw $33 million in inflows, bringing year-to-date totals to $194 million. It’s like a global crypto love fest! 💖🌍
Despite the inflows, total assets under management in crypto ETPs dropped to $163 billion, down from the January peak of $181 billion, due to recent price declines. Trading volumes remained steady at $20 billion for the week, the data shows. It’s a rollercoaster, folks! 🎢
Read More
- Cookie Run Kingdom Town Square Vault password
- Maiden Academy tier list
- Pi Network’s Grand Migration: 10 Million and Counting!
- Kingdom Come Deliverance 2: Lion’s Crest DLC Quest Guide
- Former ‘Bachelorette’ Star Katie Thurston Reveals Breast Cancer Diagnosis: “Waiting on Learning What Stage”
- Cuddly Cats Take Over in the Wildest Night of the Living Dead Remake!
- NEAR Protocol Launches New Governance Proposal
- Carrie Underwood Says It Was ‘Impossible’ Not To Feel Nostalgic In Return To American Idol, But One Part Was Apparently Pretty Painful
- After The Odyssey’s First Look At Matt Damon’s Odysseus, Fans Think They’ve Figured Out Who Tom Holland Is Playing
- Cookie Run Kingdom: Shadow Milk Cookie Toppings and Beascuits guide
2025-02-10 15:22