Hold onto your wallets, folks! Cryptocurrency investment products raked in a cool $2 billion last week. I mean, who wouldn’t want to jump on that rollercoaster ride? Thanks to the European investment firm CoinShares for this *earth-shattering* revelation!
But wait—there’s more! Global crypto exchange-traded products (ETPs) have managed to gather a *whopping* $5.5 billion in just three weeks. It’s like crypto is throwing a party, and everyone’s invited… except the bears, of course.
And guess what? With all this influx of cash, total assets under management (AUM) in all crypto ETPs worldwide skyrocketed by 3.3%! From $151 billion to a snazzy $156 billion. Talk about making it rain! 💰
Now, before we get too excited, let’s just pause and acknowledge that the latest weekly inflow was down 41% from last week’s *mind-blowing* $3.4 billion. Yeah, you heard that right. Even when the crypto world is making bank, the numbers can still make you go, “Hmm… what’s going on here?”
But Wait—Bitcoin‘s Still Got Some Tricks Up Its Sleeve!
Despite a slight hiccup in the inflow speed, Bitcoin (BTC) managed to put on a little show of its own last week. It went from about $94,300 on April 28 to *drumroll* a high above $97,000 on May 2. That’s right, folks, Bitcoin flexed its muscles, and everyone’s watching! 📈
But here’s the kicker: During the week of April 28 to May 2, Bitcoin saw $1.8 billion of inflows. That’s down 43% from the week before, but hey, $1.8 billion still sounds pretty nice, right?
On the other hand, those bearish investors got busy, and short Bitcoin ETPs saw a 300% spike in inflows. From $1.6 million to a snazzy $6.4 million. Who knew that shorting Bitcoin could be so… profitable? 🙄
Oh, and let’s not forget the altcoins. Ether (ETH) and XRP (XRP) got their piece of the pie with $149 million and $10 million in ETP inflows. Crypto diversity, people—get with the program! 🚀
Bitcoin is still the king, though, claiming a *ridiculous* 98% of all year-to-date crypto ETP inflows. As of May 3, total inflows this year have already hit $5.6 billion. And they say the crypto world is dead. Pfft. Tell that to Bitcoin’s bank account.
The BlackRock Show: Where All the Money Went
If you’re wondering where all this cash is going, look no further than BlackRock’s iShares products. They got a *huge* chunk of the action, pulling in a jaw-dropping $2.7 billion last week. Talk about a crypto money magnet!
Meanwhile, ARK Invest and Fidelity Investments were… not having the best week. They saw outflows of $458 million and $201 million, respectively. Ouch. Not everyone can ride the crypto wave, I guess.
Other issuers like Bitwise, Grayscale, and ProShares had a bit of a rough patch too, with minor outflows totaling $36 million, $31 billion, and $25 million. It’s not looking too pretty for them, but hey, there’s always next week, right? 😅
Read More
- Delta Force: K437 Guide (Best Build & How to Unlock)
- One Piece Episode 1129 Release Date and Secrets Revealed
- USD ILS PREDICTION
- Slormancer Huntress: God-Tier Builds REVEALED!
- Top 8 UFC 5 Perks Every Fighter Should Use
- AI16Z PREDICTION. AI16Z cryptocurrency
- REPO’s Cart Cannon: Prepare for Mayhem!
- Nine Sols: 6 Best Jin Farming Methods
- How to Unlock the Mines in Cookie Run: Kingdom
- Invincible’s Strongest Female Characters
2025-05-05 15:21