Crypto Wizards Unleash $1B Spell, Assets Hit All-Time High—You’ll Never Guess Who Fumbled!

Somewhere between the clang of cash registers and the distant honk of hodlers ordering more pizza, the world’s most excitable financial wizards—also known as digital asset managers—managed to funnel $1.04 billion into their favourite digital baubles last week. Yes, that’s twelve weeks straight of pouring money into these pixel-powered piggy banks, presumably on the assumption that fortune favours the brave, or at least those with strong Wi-Fi.

The real icing on this digital cake? Asset managers now sit atop an impressive pile worth $188 billion, the sort of sum that would make even Discworld’s Patrician raise an eyebrow and mutter “They’re doing what with invisible money?”

Trading volumes, meanwhile, clocked in at $16.3 billion—about average, which proves one of two things: either things are “just fine”, or everyone is far too busy refreshing the price chart every thirteen seconds to notice.

Ethereum: The New Shiny, Apparently 🚀

If CoinShares’ so-called “Weekly Report” is to be believed (and one does have to occasionally squint at these things), Bitcoin managed to vacuum up $790 million in fresh enthusiasm. Sadly, this marks a slowdown compared to the previous three weeks—proving that while FOMO is powerful, even it needs to sit down and have a cup of tea occasionally. The asset bigwigs muttered that investors are tiptoeing, spooked by Bitcoin’s approach to all-time highs, clutching their digital wallets nervously.

Speaking of nerves, short-bitcoin products only saw a paltry $0.4 million in inflows—the financial equivalent of a single chicken crossing the road and immediately regretting it.

Ethereum swaggered in with its 11th consecutive week of investors hurling money at it—$226 million this time, pumping its total binge to $2.85 billion. Statisticians noted (possibly while adjusting their pointy hats) that this was 1.6% of Ethereum’s total assets under magical management, compared to Bitcoin’s meager 0.8%. Is the winds of sentiment shifting? Or is everyone just bored of the same old Bitcoin jokes?

Next in line: Solana strutted up with $21.6 million, XRP winked with $10.6 million, and Sui bashfully accepted $1.6 million. Chainlink and Cardano, not ones to be left without a number, nabbed $0.5 million and $0.4 million each—which in digital asset terms, is enough to buy a moderately-priced enchanted spoon.

But wait! Not everyone is dancing for joy. Multi-asset products, clearly having a dramatic week, saw $12.4 million fly out the window—last seen boarding a coach headed for more exciting investments.

The Grand International Juggle 🌍

Across the great lands outside Ankh-Morpork—or what non-Discworlders call “Earth”—the United States threw a glittering party with $1 billion in inflows, Germany dabbled at $38.5 million, Switzerland jingled its coin purse at $33.7 million, and Australia tipped a respectable $4.1 million into the pot (probably while upside down).

Canada and Sweden, burdened perhaps by outdated snow or existential malaise, decided to take their investments and leave: $29.3 million and $19.2 million in outflows, respectively. Brazil and Hong Kong weren’t to be outdone, both shuffling out with $9.7 million and $3 million. No word yet if they took the biscuits with them.

And so, as the ever-turning wheel of crypto fortune spins on, the only certainty is that someone, somewhere, is writing another report. 👓💰

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2025-07-08 06:46