7% of BTC’s Market Cap in ETPs: A Crypto Comedy of Errors 😂

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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! 🎢

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2025-02-10 15:22