💡Last week, digital asset products were all the rage, raking in $527M. But then came Monday, and oh boy! Thanks to DeepSeek’s little surprise, we saw $530M fly out the window like confetti at a 🎉 party gone wrong. 😱
But fear not, dear investors! The market bounced back faster than you can say “rebound,” with a whopping $1B in inflows. And with $44B in 2024 inflows, $5.3B YTD, and prices soaring, CoinShares says the sell-off was as predictable as 🍪 fortune. 🙄
🎉 XRP: The Altcoin Hero We Didn’t Know We Needed 🎉
Bitcoin flexed its muscles with $486M in inflows, while short-BTC investments played it cool with $3.7M. Ethereum, the tech-savvy cousin, had a rough start but ended the week with a 🤝 net-zero. 🙃
But who stole the show? XRP, the underdog turned champ, with YTD inflows of $105M, including a sweet $15M last week. Altcoins rejoiced, with Solana ($4.5M), Chainlink ($3.1M), and Cardano ($1M) in the green. Poor Litecoin shed a tear with a tiny $0.2M outflow. 😢
Multi-asset products? They’re the 🎈 party poppers of the week, with $9M in inflows. Blockchain equities? They’re the 🎯 target for investors, with $160M YTD inflows. 🥳
🇨🇦 Canada: The Lone Loser 🇨🇦
The US 🇺🇸 flexed its 💪 muscle with $474M in investments, while Europe 🇪🇺 partied with $78M in inflows. Switzerland 🇨🇭 led the dance floor with $58M, Germany 🇩🇪 grooved with $22.3M, and Sweden 🇸🇪 took a step back with $3.6M outflows.
Elsewhere, Brazil 🇧🇷 samba-ed with $15.8M, Hong Kong 🇭🇰 hopped in with $2.3M, and Australia 🇦🇺 barely moved with $0.1M. But Canada 🇨🇦? It faced a 💔 $43M setback, maybe because of those pesky US trade tariffs. 😣
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2025-02-03 20:15