In the bewildering bazaar of finance, the coin-spinners at CoinShares announced with something between a chuckle and a sigh that the grand institutions have padded their pockets with a vast sum—$3.4 billion to be exact—in digital tokens last week. A sort of record, yet not quite the crown jewel.
It seems that the traders, faced with the curious tangle of tariffs and a dollar behaving less like a reliable steed and more like a startled goat, opted instead to hide their fortunes in this newfangled digital foment.
“Digital asset investment products saw inflows totaling US$3.4bn last week, the largest inflows since mid-December 2024 and the 3rd largest weekly inflows on record.”
“We wager that worry over tariffs biting into corporate earnings—and Uncle Sam’s faltering paper money—convinced these wary investors to treat digital coins as a novel sanctuary,” they speculated, as if one could find refuge inside a flashing screen.
Sure enough, the United States took center stage once more with that full $3.4 billion, while Germany and Switzerland tossed in their modest contributions—$41 million and $51 million—like polite guests at a rather odd banquet.
Of course, the crowned monarch Bitcoin (BTC) basked in this influx, gathering $3.2 billion as if nightingales flocked to its siren call. Meanwhile, those betting against the king—the Short-BTC crowd—scrounged their paltry $1.6 million, a mere crumb from the feast.
“Ethereum, long the prodigal son turned hopeful heir, welcomed $183 million after a cold spell of outflows, like a lover returned at last,” whispered the analysts.
Curiously, Solana, the rebellious altcoin, seemed to pack its bags last week with $5.7 million flowing out, leaving the altcoin family reunion rather subdued except for Sui and XRP who modestly arrived with $20.7 million and $31.6 million respectively.” 🤷♂️
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2025-04-28 23:11