Crypto $240M Outflow: Trump’s Tariff Tantrum Sparks Hysterical Mayhem! 😂
Hold onto your hats, folks! CoinShares—yes, those crypto connoisseurs—are blaming our dear US tariffs for a cash outflow that’s making their digital asset products feel like they’ve just left a wild brunch party. 🤷♀️
In their oh-so-chic Digital Asset Fund Flows Weekly Report, CoinShares noted a dramatic $240 million exit as President Trump unleashed tariffs like they were going out of style. Because who doesn’t love a good global tariff tantrum? 😜
But before you start panicking, CoinShares assures us that these outflows are practically a drop in the ocean—especially next to other asset classes throwing full-blown drama fits. 🤭
“Despite this little cash hiccup, total assets under management strutted along at $132.6 billion, up a modest 0.8% for the week. Meanwhile, those stodgy MSCI World equities tumbled a whopping 8.5%. Clearly, digital assets are our cool, kid siblings who always manage to bounce back.” 🤓
The big exit act came from Bitcoin (BTC), with Ethereum (ETH), Solana (SOL), and Sui (SUI) trailing behind like the reluctant understudies in a drama class. 😏
“Bitcoin led the exit with $207 million in outflows, leaving total inflows year-to-date at $1.3 billion. Altcoins were a mixed bag: Ethereum saw a $37.7 million slip, while Solana and Sui quietly slipped away with $1.8 million and $4.7 million, respectively. And then there’s Toncoin, which got a little love with an inflow of $1.1 million—because even obscure tokens deserve a standing ovation sometimes!” 😂
And just when you thought it couldn’t get any zanier, blockchain-related stocks had their own moment of glory last week. 🎉
“Blockchain equities snagged inflows for the second week in a row, scooping up $8 million as savvy investors saw a buying opportunity in the recent price dip.”
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2025-04-09 22:02