Hey mate, remember that thrill when crypto inflows were stacking like pancakes, only for a single rough week to flip the script? That's the crypto market for you - feast or famine, and last week's $812 million ETP outflows hit like a cold splash, ending a two-week inflow streak as AUM dipped to $221 billion from a juicy $241 billion peak.
Blame it on fading hopes for U.S. rate cuts, says James Butterfill at CoinShares - investors got jittery, yanking $719 million from Bitcoin and $409 million from Ether products as BTC slid 3.4% to $109K lows. But hey, Solana stole the show with $291 million inflows, riding ETF hype waves. As Warren Buffett wisely noted, "The stock market is a device for transferring money from the impatient to the patient" - this feels like impatience winning, right? What do you make of Solana's outlier glow amid the gloom?
Yet, zoom out: month-to-date inflows still clock $4 billion, year-to-date $39.6 million, and Butterfill's bullish - ETPs could chase last year's $48.6 billion record if sentiment flips. Have you ridden a similar outflow rebound?
So, in this volatility tango, are you the patient holder or the quick trader eyeing Solana's spark?
#BanterFan #CoinVahini #CryptoETPs #SolStake $SOL