When XRP Decides to Take a Nap, But Everyone Else is Partying 🎉
So, picture this: XRP, after an impressive 80-week streak of inflows, suddenly decides to pull a dramatic exit, with outflows hitting a jaw-dropping $37.2 million. I mean, talk about a plot twist! 📉 Meanwhile, the rest of the digital asset world is throwing a massive party, raking in a cool $3.3 billion last week. Who knew money could be so fickle?
According to our friends at CoinShares, this latest influx brings the six-week inflow streak to a whopping $10.5 billion. Year-to-date, we’re looking at a record-breaking $10.8 billion. And just when you thought it couldn’t get any better, total assets under management briefly hit an all-time high of $187.5 billion. Can I get a round of applause? 👏
Investors Flock to Diversification (Because Why Not?)
Analysts are scratching their heads, attributing this wild momentum to rising economic uncertainty in the US. Thanks, Moody’s credit downgrade and those pesky surging treasury yields! Investors are now flocking to digital assets like it’s the hottest new trend. Who needs stability when you can have crypto chaos?
The latest edition of the ‘Digital Asset Fund Flows Weekly Report’ reveals that Bitcoin is the prom queen of digital asset inflows, snagging $2.9 billion last week. That’s a quarter of total inflows for 2024! But wait, some investors are treating its price rally like a clearance sale, shorting it to the tune of $12.7 million. Highest since December 2024? You bet! 🤑
Ethereum is also getting in on the action with $326 million in inflows, its strongest showing in 15 weeks. Five weeks of positive vibes? Yes, please! Meanwhile, Solana and Sui are like the cute sidekicks, bringing in $4.3 million and $2.9 million, respectively. Chainlink and Cardano are just hanging in there with modest inflows of $0.9 million and $0.6 million. Bless their hearts. 💖
But wait, there’s more! Alongside our dear XRP, multi-asset products decided to join the outflow party with $1.9 million slipping away. Classic.
Switzerland, Sweden Report Outflows (Because Why Not?)
Regionally, the US is still the cool kid on the block, leading digital asset inflows with $3.2 billion last week. Germany, Hong Kong, and Australia are trailing behind with $41.5 million, $33.3 million, and $10.9 million, respectively. Canada? Just a shy $0.1 million. Awkward! 😅
On the flip side, Swiss investors are cashing in their chips amid rising prices, resulting in $16.6 million in outflows. Sweden isn’t far behind with $12.1 million, while Brazil is just trying to keep up with $1.9 million exiting the market. It’s like a game of musical chairs, and everyone’s scrambling for a seat! 🎶
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2025-05-27 07:00