{"id":25180,"date":"2025-05-05T12:01:39","date_gmt":"2025-05-05T12:01:39","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=25180"},"modified":"2025-05-05T12:01:39","modified_gmt":"2025-05-05T12:01:39","slug":"crypto-funds-raked-in-2b-last-week-pushing-3-week-haul-to-5-5b","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=25180","title":{"rendered":"Crypto funds raked in $2B last week, pushing 3-week haul to $5.5B"},"content":{"rendered":"
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\"Crypto<\/p>\n

Cryptocurrency investment products attracted $2 billion in new inflows last week, according to the European investment firm CoinShares.<\/p>\n

Global crypto exchange-traded products (ETPs) have added $5.5 billion in inflows in the past three weeks, according<\/a> to the latest weekly report from CoinShares.<\/p>\n

With the new inflows, total assets under management (AUM) in all crypto ETPs worldwide jumped 3.3% from $151 billion to $156 billion.<\/p>\n

Although the positive trend has continued for the past three weeks, the latest weekly inflows were down 41% from last week\u2019s $3.4 billion of inflows \u2014 the third-largest crypto ETP inflows on record<\/a>.<\/p>\n

Inflows slowed down despite new Bitcoin gains<\/h2>\n

The slowdown in crypto ETP inflows came despite Bitcoin (BTC<\/a>) seeing some brief gains last week, with the price rising from about $94,300 on April 28 to an intraweek high above $97,000 on May 2, according<\/a> to data from CoinGecko.<\/p>\n

In the trading week from April 28 to May 2, Bitcoin saw $1.8 billion of inflows, down 43% from the week before.<\/p>\n

\"Crypto
Crypto ETP flows by asset as of May 3, 2025 (in millions of US dollars). Source: CoinShares<\/em><\/figcaption><\/figure>\n

However, bearish investors increased positions as short Bitcoin ETPs saw a 300% spike in inflows compared to the previous week, up to $6.4 million from $1.6 million.<\/p>\n

Altcoins Ether (ETH<\/a>) and XRP (XRP<\/a>) saw ETP inflows of $149 million and $10 million, respectively.<\/p>\n

Related: <\/strong><\/em>BlackRock Bitcoin ETF buys $970M in BTC as inflows surge, boost market<\/strong><\/em><\/a><\/p>\n

With Bitcoin accounting for 98% of all year-to-date crypto ETP inflows, total inflows this year amounted to $5.6 billion as of May 3.<\/p>\n

Inflows concentrated with BlackRock\u2019s iShares<\/h2>\n

According to CoinShares data, crypto ETP inflows were highly concentrated with BlackRock\u2019s iShares products, which saw as much as $2.7 billion last week.<\/p>\n

Still, crypto ETPs by issuers like ARK Invest and Fidelity Investments were bleeding last week, with outflows amounting to $458 million and $201 million, respectively.\u00a0\u00a0<\/p>\n

\"Crypto
Crypto ETP flows by issuer as of May 3, 2025 (in millions of US dollars). Source: CoinShares<\/em><\/figcaption><\/figure>\n

Other issuers such as Bitwise, Grayscale and ProShares recorded minor outflows for their crypto ETP products last week, totaling $36 million, $31 billion and $25 million, respectively.<\/p>\n

Magazine: <\/strong><\/em>Bitcoin to $1M \u2018by 2029,\u2019 CIA tips its hat to Bitcoin: Hodler\u2019s Digest, April 27 \u2013 May 3<\/strong><\/em><\/a><\/p>\n