The Crypto Tsunami is Coming!

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🚨💸 The Crypto Tsunami is Coming! 🚨💸

The Crypto Tsunami is Coming!

🤣 Ah, the eternal optimists, always expecting the best, even when the worst is staring them in the face! 🤦‍♂️ Last week, those digital asset investment products managed to attract a whopping $226 million in inflows. CoinShares, those wise and all-knowing seers, declared that this was a sign of cautiously optimistic investor sentiment. 🙄 After all, who doesn’t love a good oxymoron? 😂

The King of the Castle 🐎

According to CoinShares’ latest edition of Digital Asset Fund Flows Weekly Report, Bitcoin saw $195 million in inflows, while short-Bitcoin investment products continued to hemorrhage $2.5 million for the fourth week in a row. The recent price downturn has reduced the total assets under management for global Bitcoin ETPs to $114 billion, the lowest level since just after the US election. Ah, the good old days! 📆

And, oh joy! Altcoins saw inflows for the first time in five weeks, reaching a whopping $33 million. Ethereum, Solana, XRP, and Sui were the lucky beneficiaries, with inflows of $14.5 million, $7.8 million, $4.8 million, and $4.0 million, respectively. Because, you know, diversity is the key to success! 🤪

Meanwhile, Cardano and multi-asset products settled with $0.6 million and $0.1 million in weekly inflows. Ah, the thrill of being a also-ran! 🎉

CoinShares’ Valkyrie Bitcoin Mining ETF: The Epic Fail 🤦‍♂️

The rising network hash rate of 850 EH/s and high mining difficulty have challenged Bitcoin miners this year. Coupled with low transaction fees, miner profits have been hit hard. As a result, CoinShares’ Valkyrie Bitcoin Mining ETF (WGMI) has emerged as the worst-performing ETF of 2025, down 43% year-to-date. Ah, the joys of investing in a sinking ship! 🚢

The fund holds several publicly traded Bitcoin miners, with IREN (IREN) being the largest holding at 15%, down 42%. Core Scientific (CORZ) follows with a 14% share and a 48% drop, while Cipher Mining (CIFR) at 9.6% has fallen 52%. Even NVIDIA (NVDA), the sixth-largest holding at 5%, has seen a 20% decline. Ah, the thrill of being a part of a failed experiment! 🎉

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2025-04-01 07:41