Crypto Funds Crash: The Sad Saga of Hope’s Fall and Market Chuckles

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In the shadows of digital gold, the brave investors watched as the crypto tide turned sour-an epic two-week inflow streak, vanished like a mirage in the desert of despair. It appears that even the bravest of crypto enthusiasts couldn’t dodge the bullet fired during that infamous “Black Friday” market crash.

Last week, the winds carried away a hefty $513 million from crypto exchange-traded products (ETPs). A valiant streak of $9.1 billion was severed, Coinbase’s coins falling like autumn leaves-an impressive display of market gravity, or perhaps just a reminder that jumping on the bandwagon is always riskier than it looks. 🎢

Following the “Binance liquidity cascade” of October 10th-an event that made the liquidity gods weep-our wise CoinShares head of research, James Butterfill, observed that the ETP market showed less panic than the actual spot market. Imagine that! While digital investors kept their cool, on-chain players wore the panic like a badge of honor, bearishness spreading like a bad rumor at a town square.

Bitcoin: The Lone Cowboy Running Out of Steam

Bitcoin, the heroic and stubborn beast, led the outflows last week-losing a staggering $946 million. Year-to-date inflows were pulled back to $29.3 billion, a far cry from last year’s heroic total of $41.2 billion. Looks like even the king of crypto is feeling the heat, or perhaps just taking a well-deserved break from the spotlight. 🤷‍♂️

Meanwhile, Ether (ETH)-the rebellious younger sibling-kept its spirits high, soaking up $205 million in new investments. The star was a 2x leveraged Ether ETP, netting $457 million-probably the only thing keeping the market from sinking entirely into the abyss.

Solana and XRP, riding the wave of ETP excitement, attracted inflows of $156 million and $74 million respectively-proof that even in chaos, some projects enjoy a good party. Solana’s inflows surged 67%, possibly because everyone loves a good comeback story-or maybe just a fancy new token launch?

The Market’s Mood: Fear and Loathing in the Crypto Jungle

The Crypto Fear & Greed Index-think of it as the mood ring of digital assets-plunged to levels not seen since April, scoring only 22 out of 100. Bitcoin’s slide beneath $105,000 sent a chill through traders’ spines-what may look like a dip is, in reality, the market’s collective shiver. 🥶

As of Monday, that feeling of dread persisted with a modest score of 29, echoing the lowest mark of 2025-10, back in February, when Bitcoin made its dramatic leap from $96,000 to a more humble $84,000, like a star athlete losing their grip mid-race. Today, Bitcoin stands at $111,019-down roughly 3% in the past week and 4% over the month. Ether, the stubborn cryptocurrency, traded at $4,035-down 3% weekly, 9% monthly. The spirits of traders? Well, let’s just say they’re as stable as a house of cards in a tornado.

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2025-10-20 15:48