In a move that would make a black hole jealous, institutional investors decided to throw a financial party and invited crypto assets to dance, according to CoinShares.
It’s like the digital asset investment vehicles received an eviction notice from the “Outflow Motel” and checked into the “Inflow Inn” instead, CoinShares reports in their latest Digital Asset Fund Flows Weekly Report.
“Last week, crypto products did a 180° flip, breaking a five-week losing streak of outflows. They raked in a cool US$644m. Total assets under management are now 6.3% higher than their March 10th blues.
Every single day last week was a ‘Yes, please’ to inflows, following a 17-day ‘No, thank you’ streak. It’s like the whole crypto class just got a confidence boost.” 🚀
The United States was the life of the crypto party, contributing a whopping $632 million. But it wasn’t a solo act; Switzerland, Germany, and Hong Kong joined in, adding $16 million, $14 million, and $1.2 million respectively to the crypto kitty.
Bitcoin (BTC), the eternal show-off, hogged most of the inflows at $724 million, effectively flipping the bird to its five-week outflow streak. That’s a cool nearly $5.5 billion turnaround. 🌟
Solana (SOL), Polygon (MATIC), and Chainlink (LINK) investment vehicles were like the popular kids at school, each seeing inflows of $6.4 million, $0.4 million, and $0.2 million respectively.
On the flip side, Ethereum (ETH), Sui, Polkadot (DOT), Tron (TRX), and Algorand (ALGO) were the wallflowers, experiencing outflows of $86 million, $1.3 million, $1.3 million, $0.95 million, and $0.82 million respectively. Better luck next dance, guys. 😕
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2025-03-25 01:02