In the labyrinthine depths of human avarice, where souls barter eternity for fleeting gains, CoinShares emerges as the reluctant chronicler of this digital delirium. It whispers of institutional inflows cresting to new abysses in July, as if the world itself hungers for the illusion of wealth. 😈
Ah, the farce unfolds: digital assets, those spectral currencies, have lured over $11 billion in a single month, a milestone that mocks the very essence of stability before the calendar even turns. One might ponder if this is progress or the prelude to ruin. 🤔
“Digital asset investment products saw US$1.9bn in inflows last week, marking the 15th consecutive week of positive sentiment. This pushed month-to-date inflows to a record US$11.2bn, significantly surpassing the US$7.6bn seen in December 2024 following the US election.” How quaint, this relentless optimism, as if the gods of finance haven’t tired of such games. 😂
Geographically, the great farce plays out: America, ever the prodigal son, leads with $2 billion in mad rushes, while Germany trails with a mere $70 million. Yet, in a twist of ironic justice, Hong Kong, Canada, and Brazil endure outflows of $160 million, $84.3 million, and $23.2 million respectively—punishment for their fleeting doubts, perhaps? 😏
Ethereum, that cunning deceiver among cryptos, revels in its ascent, with year-to-date inflows already eclipsing all of 2024. It’s as if the spirit of ambition has possessed the markets, driving investors to delirium. 🤯
“Ethereum stood out, unusually leading with US$1.59bn in inflows last week, its second-strongest week on record. Year-to-date inflows into Ethereum have now reached $7.79 bn, surpassing the total for all of last year.” Unusually, indeed— one wonders if this is divine favor or the setup for a spectacular fall. 😅
Bitcoin, the once-mighty king, now faces exile, with outflows of $175 million signaling perhaps the dawn of “altseason.” Oh, the hubris! Solana and XRP gobble up inflows of $311 million and $189 million, while SUI nips at the heels with $8 million. But lest we forget, the outcasts—Litecoin and Bitcoin Cash—bleed small sums, a reminder that not all are spared the wheel of fortune’s scorn. 😂
“While inconclusive, there are some signs: Solana and XRP attracted substantial inflows of US$311m and US$189m respectively, with SUI also seeing US$8m. However, beyond these names, inflows tapered off quickly. Several altcoins saw outflows, including Litecoin (US$1.2m) and Bitcoin Cash (US$0.66m).” Inconclusive? How delightfully evasive, as if the crypto cosmos itself shies from commitment. 😏
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2025-07-29 01:02