My lovely people! What’s up with this cryptocurrency thing? It seems like money is pouring in crazy into crypto funds, as if there were no tomorrow! 💸
It turns out that from June 28 to July 4, crypto funds brought in nothing less than 1,040 million dollars! Just imagine that. And the most shocking part is that the value of everything these funds manage, that is, assets under management (AUM), broke records with 188,000 million dollars! It’s crazy, right? It’s like watching Bad Bunny climbing the charts, but with digital money. 📈
The folks at CoinShares dropped this little gossip in their latest report, and what stands out is that they have seen investment inflows for twelve consecutive weeks. They haven't stopped receiving cash since April! This is a clear sign that the big players, the institutions, are getting the crypto bug and are diving in headfirst.
Now, if we talk about Bitcoin, the king of the crypto jungle, it brought in 790 million dollars in early July. But, watch out! This was less than the three previous weeks, where they brought in 1,500 million. Analysts from CoinShares say this might be because people are a little more cautious now that Bitcoin is close to reaching its all-time high price. It’s like when your team is winning and is about to become champions, it gives you chills! 😬
But the one that is really skyrocketing and making noise is Ethereum. It has seen eleven consecutive weeks of investment growth! In early July, it pulled in 226 million dollars. And the coolest thing is that the inflows into Ethereum are 1.6% of its assets, while Bitcoin is only 0.8%. This, according to experts, means that people are putting more faith in Ethereum. The little brother is holding its own! 💪
And not only them, Solana and Sui are also collecting their share. Solana brought in 21.6 million dollars and Sui 1.6 million. Just imagine, Solana had the highest inflows in the last 69 weeks! That’s a hit! 🌴
And where is all this money coming from? Well, mostly from the United States! They brought in 1,000 million dollars from there. Following them are Germany with 38.5 million and Switzerland with 33.7 million. Interestingly, Canada and Brazil had money outflows. That’s life, my people, some go up and others go down! 🤷♀️
This shows us that the world of cryptocurrencies is not just for geeks, things are getting serious and more and more people are getting involved! So stay alert and don’t miss this train! $SOL $SUI $BTC
