A Most Peculiar Fortune: Bitcoin’s £1.9B Courtship

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It is a truth universally acknowledged that a cryptocurrency in possession of good fortune must be in want of more investors. 🎩💷 Thus, digital funds have recorded a second consecutive week of inflows, extending the rather handsome £3.3 billion gathered the week prior-much to the delight of speculators and the despair of short-sellers.

Crypto exchange-traded products (ETPs), those fashionable instruments of modern speculation, logged £1.9 billion in fresh inflows last week, as reported by CoinShares with all the solemnity of a butler announcing dinner. Bitcoin (BTC) and Ether (ETH), ever the distinguished guests at this financial ball, led the procession with inflows of £977 million and £772 million respectively, while Solana (SOL) and XRP (XRP) made a respectable showing with £127 million and £69 million-enough to secure them an invitation to the next soirée.

With these latest gains, the total assets under management (AUM) in global crypto ETPs have ascended to a dizzying £40.4 billion year-to-date, as declared by CoinShares’ head of research, Mr. James Butterfill-who, one imagines, must be quite fatigued from counting such sums. 💰

Bitcoin Funds: A Most Determined Suitor

Bitcoin funds, ever the persistent paramour, maintained their ardent pursuit of investors last week, securing the largest share of inflows after having already charmed £2.4 billion from them the previous week. Such devotion! 💌

These latest advances marked the fourth consecutive week of gains for Bitcoin exchange-traded funds (ETFs), bringing the four-week total to £3.9 billion-a sum sufficient to purchase several country estates, or at least a very fine hat. According to SoSoValue, short-Bitcoin ETPs, meanwhile, continued their woeful decline, suffering £3.5 billion in outflows and seeing their total AUM dwindle to a pitiful £83 million-a sum barely sufficient to keep a modest household in candles.

Ether ETPs, not to be outdone, also enjoyed robust attention from investors last week, with fresh inflows elevating year-to-date totals to a record £12.6 billion-a figure that would surely make even Lady Catherine de Bourgh raise an eyebrow. 👀

The Fed’s Rate Cut: A Most Providential Intervention

The fresh inflows arrived just as the US Federal Reserve, in a gesture of magnanimity (or perhaps mere whimsy), saw fit to reduce the key US interest rate by 0.25 points last Wednesday-its first such act of generosity this year.

According to Mr. Butterfill, the inflows signaled a favorable reception to this monetary largesse, despite initial trepidation among investors, who are ever prone to bouts of nervous sensibility. “After months of speculation,” he remarked, “the US Federal Reserve did at last lower interest rates. Though investors first responded with all the enthusiasm of a debutante at her first ball, inflows resumed later in the week-proof that even the most skittish of financiers may yet be persuaded to dance.”

Following this benevolent adjustment, spot crypto prices exhibited the slightest of tremors, with Bitcoin ascending to multi-week highs above £117,000 on Thursday-a figure that would make even Mr. Darcy blush. Ether, not to be outshone, briefly fluttered above £4,600 after commencing the week at a mere £4,500-such volatility! One wonders if these digital assets might benefit from a restorative dose of smelling salts.

Despite these encouraging figures, investor sentiment remained cautious last week, as measured by the Crypto Fear & Greed Index-a most curious contraption designed to quantify the collective temperament of the cryptocurrency market. According to Alternative.me, the index stood at a perfectly neutral 53 last week before descending into “Fear” on Monday with a score of 45-proof that even in finance, as in love, emotions are ever fickle. 😌

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2025-09-22 13:37