Amidst the bustling chaos of our digital age, where every tick of the clock brings forth new tales of fortune and folly, cryptocurrency investment products have once again found themselves in the throes of a grand spectacle. This week, it was the humble Ether exchange-traded products (ETPs) that stole the show, as if to say, “Why should Bitcoin hog all the limelight?”
Oh, what a week it has been! Global crypto ETPs, those financial marvels of our modern era, recorded an astonishing $3.75 billion in inflows, as reported by the venerable European crypto asset manager CoinShares on Monday. A sum so vast, it could buy you a small country, or at least a very fancy yacht. 🛥️💰
And let us not forget the star of the show, Ether (ETH). Prices soared like a phoenix rising from the ashes, flirting dangerously with all-time highs above $4,700 on Thursday, according to the ever-reliable CoinGecko data. It was as if the market had decided to throw a grand ball, and Ether was the belle of the ball, dancing with the grace of a swan and the ferocity of a lion. 🦁💃
But alas, even the most divine of feasts must come to an end. After four days of unbridled enthusiasm, the mood shifted. Friday brought with it a sense of melancholy, as both Bitcoin (BTC) and Ether funds saw outflows. One might say, the party got a bit too wild, and the guests started to leave early. 😴…
Bitcoin ETPs See Modest Inflows Despite Reaching New Heights Above $124,000
Despite Bitcoin’s triumphant march above $124,000 on Wednesday, the grand old currency of the crypto world failed to inspire the same level of fervor among ETP investors. Inflows totaled a mere $552 million, a paltry 15% of the total weekly inflows. It seemed as though the market had grown tired of Bitcoin’s predictable charm and was now seeking the thrill of something new. 🤷♂️…
It was Ether, the prodigal son of the crypto world, that truly shone this week. Inflows totaling $2.9 billion marked a significant shift in investor appetite, as if the market had finally realized that sometimes, the underdog is the real hero of the story. 🦸♂️…
Other cryptocurrencies, such as Solana (SOL) and XRP (XRP), also enjoyed their moment in the sun, with inflows of $176.5 million and $125.9 million, respectively. However, Litecoin (LTC) and Toncoin (TON) were not so fortunate, experiencing outflows of $0.4 million and $1 million, respectively. It seems even in the world of crypto, some are destined to be the winners, while others must face the bitter taste of defeat. 😔…
The Highest Trading Volume Week Ever
As if the week’s events were not dramatic enough, Bloomberg ETF analyst Eric Balchunas added a final flourish to the tale. Last week, he declared, marked the highest trading volume week ever seen by spot crypto exchange-traded funds (ETFs). After just four trading days, spot Bitcoin and Ether ETFs reached a staggering $40 billion in trading volume. “Ether ETFs stepping up big,” Balchunas wrote on X on Friday, as if to say, “The king is dead, long live the king!” 🏆…
“ETHSANITY: Ether ETFs weekly volume was about $17 billion, blowing away record, man did it wake up in July,” he exclaimed, his words echoing through the halls of the financial world like a clarion call to arms. 📈💥
NovaDius president Nate Geraci, never one to miss a beat, also took to X to highlight the trading volume records. Spot Ether ETFs, he observed, “absolutely obliterated previous weekly trading volume record.” And in a sly nod to the skeptics, he added, “Wonder if there are any ‘no demand’ naysayers still out there.” 🤔…
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2025-08-18 12:10