Darling, while the entire digital asset investment set seems to be shedding capital like a dodgy fur coat – a staggering $795 million, if you must know – and pushing the monthly deficit perilously close to a billion 💸, a few plucky assets dared to buck the trend. And who should be leading this rebellious little charge? Why, none other than XRP, attracting a positively brazen $3.4 million in inflows while everyone else was running for the exits. 🏃♀️💨
Such divergence is rarely displayed with such theatrical flair, particularly in a week when negative sentiment is practically dripping from the chandeliers. 🎭
Flows were down across countries, down across providers, and down across pretty much every major asset except a handful of rather insignificant altcoins. But XRP, bless its heart, not only dodged the bullet but actually topped the charts for non-Bitcoin tokens in net inflows, according to those terribly clever chaps at CoinShares. 🤓
In a week that saw the United States yank a monumental $763 million out of crypto ETPs alone, that’s really quite a feat, isn’t it? 🎩
The overall market narrative remains, shall we say, a tad predictable. Since early February, when the outflows began in earnest, the sector has witnessed a departure of $7.2 billion, erasing nearly all of the year’s earlier gains and leaving year-to-date flows at a paltry $165 million. 🤷♀️
Bitcoin (BTC), predictably, bore the brunt of the selling pressure with $751 million in outflows, followed by Ethereum with a comparatively modest $37.6 million. Solana (SOL), Sui, and Litecoin fared little better, all posting losses. Even short Bitcoin saw outflows, suggesting that bearish bets were being unwound. One can only imagine the sighs of relief. 😌
Still, despite the prevailing gloom, the total amount of assets under management actually perked up – not thanks to any influx of funds, mind you, but due to a rather convenient price rebound towards the week’s end after that temporary tariff rollback gave the market a bit of breathing room, pushing the figure back up to $130 billion. One must clutch at straws, mustn’t one? 🍸
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2025-04-14 15:57