Ah, the grand spectacle of institutional crypto investment! Last week, a staggering $225 million flowed into the coffers of these digital chariots, as reported by the ever-watchful CoinShares. But lo and behold, the winds of fortune have shifted, and our dear inflows have taken a noticeable nosedive in the past fortnight. Could it be the ominous clouds of monetary policy uncertainty looming over the US? Who would have thought? 😏
“Digital asset investment products saw US$224m in inflows last week, extending this 7-week streak to US$11bn. However, there has been a noticeable deceleration amid uncertainty over monetary policy, with investors adopting a wait-and-see stance ahead of further signals from the US Federal Reserve on inflation.”
In the grand theater of global finance, the US took center stage with a dazzling $175 million in inflows. Meanwhile, Germany, Switzerland, Canada, and Australia played their supporting roles with $47.8 million, $15.7 million, $9.8 million, and $6.5 million, respectively. Bravo! 👏
“Minor outflows were seen in Brazil (US$9.2m) and Hong Kong (US$14.6m), with the latter marking an end to record inflows.”
And what of Ethereum, the leading smart contract platform? It has been on a veritable inflow spree, raking in a whopping $1.5 billion over seven weeks, with $296 million just last week. This, dear readers, is the strongest inflow run for ETH products since the US Election. Quite the political drama, wouldn’t you say? 🎭
But alas, not all is well in the kingdom of Bitcoin. Following last week’s trend, it has suffered its second consecutive week of outflows, resulting in a rather disheartening $56.5 million in losses. Oh, the irony! 💔
Read More
2025-06-09 23:13