Crypto’s Comeback? $5.5B Sell-Off Fails to Dampen Enthusiasm!

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Cryptocurrency investment products are back with a vengeance, proving that even a $5.5B sell-off couldn’t derail their upward spiral. 🚀💸

CoinShares reports crypto ETPs gobbled up $716 million last week, building on last week’s $1 billion feast. Because nothing says “I’m stable” like a 2-week streak of gains after a dramatic exit. 🧠

James Butterfill, CoinShares’ head of research, says Thursday and Friday’s “minor outflows” were just a reaction to US inflation data. Because of course they were. 🤷♀️

Total AUM now tops $180 billion-8% up from November’s lows, but still a far cry from the $264 billion glory days. Crypto’s like a broke friend who insists they’re “fine.” 😬

Bitcoin leads inflows, Chainlink posts record inflow

Bitcoin (BTC) stole the spotlight with $352 million in inflows, while XRP (XRP) trailed behind with $244 million. Because nothing says “I’m a top dog” like being the only one with a $352M ego. 🐍

Chainlink (LINK) made headlines with a record $52.8 million inflow-54% of its AUM. Because why not? 🧯

Ether (ETH) funds? A modest $39 million. Short Bitcoin ETPs? A measly $19 million outflow. Could this be the start of a positive trend? 🤔

ProShares tops inflows, while BlackRock’s iShares bleeds

ProShares flexed its muscles with $210 million in inflows, while BlackRock-king of the AUM mountain-suffered $105 million in outflows. Because even the biggest players can’t escape the crypto rollercoaster. 🎢

Cathie Wood’s ARK and Grayscale Investments? They’re outflows galore, with $78 million and $7 million respectively. Because drama is eternal. 🎭

Geographically, the US, Germany, and Canada all jumped on the crypto bandwagon with $483 million, $97 million, and $80.7 million in inflows. Sweden? A $5.6 million outflow. Because some countries are just… sad. 😢

Year-to-date outflows in Sweden? A jaw-dropping $836 million. Congrats, Sweden-your crypto love is very one-sided. 💔

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2025-12-08 14:19