4G·

First weekly outflows from crypto investment products in 15 weeks

Crypto ETPs recorded outflows of USD 223 million this week - the first since mid-April. After strong inflows of USD 883 million at the beginning of the week, the markets turned around, apparently triggered by hawkish signals from the US Federal Reserve and robust economic data.

$BTC (-0,12%) The US dollar was the hardest hit with USD 404 million in outflows, but remains the leading beneficiary of monetary policy developments with USD 20 billion since the beginning of the year.

$ETH (+1,22%) continued its positive run, recording inflows of USD 133 million for the 15th week in a row. XRP, Solana and SEI also benefited with USD 31.2 million, USD 8.8 million and USD 5.8 million respectively. Smaller inflows were recorded by Aave (USD 1.2 million) and Sui (USD 0.8 million).

The trend points to profit-taking, which is hardly surprising given the USD 12.2 billion in net inflows in the last 30 days - half of the year-to-date volume.

🇺🇸 - 383M$

🇭🇰 + 170.4M$

🇨🇭 + 52.4M$

🇩🇪 - 35.5M$

🇸🇪 - 33.3M$

10 Commenti

HyFive@HyFive

A drop in the ocean. We will soon be wealthier than before. And merz has a few more eurons to expropriate from you in GER. 🤤

•

Tobi@Tobiwankenobi500

@HyFive Can you go into more detail about this?

••

HyFive@HyFive

@Tobiwankenobi500 Hello everyone! Sure, we don't like to talk about politics, but we should. Electricity prices under the EEG, taxes up, and everything sold in the green cloak of ecology. Unfortunately often free of economic reason. Protect your money, the redistribution is underway!
Friedrich Merz said that there are 2.8 trillion euros lying dormant in German bank accounts, and if 10% of this were mobilized, many things would be possible. But the state gets it in other ways. Account? Never mind. It goes through the tax anyway. 7 months a year just for the tax office, taxation like it's pharaonic Egypt! Anyone who still talks about justice here probably also believes in the sun god Ra. So clearly 90% $BTC and they can't help you!

•

Tobi@Tobiwankenobi500

@HyFive well, if you look at the EU's plans, wallets and BTC as an asset are not really safe either ;)

Only physical gold is untouchable (and silver too).

But you're generally right, of course!
LG

••

HyFive@HyFive

@Tobiwankenobi500 From my point of view, $BTC is the only asset that cannot be expropriated from me. I can't simply travel or emigrate with a kilo of gold. I can cash out my Bitcoin anywhere, no matter where in the world. ✌️

•

HyFive@HyFive

However they want to gain control of coldwallets. 😹

•

Tobi@Tobiwankenobi500

@HyFive Which one are you using?

yes, I would find a kilo of gold bars in my hand luggage very discreet :D

••

HyFive@HyFive

@Tobiwankenobi500 I only store my BTC on the BitBox, everything else "Casino" on Trezor. When I travel abroad, the BitBox/PaperWallet/speicherkate and and and in my luggage is enough. There are ways to exchange Bitcoin for cash or other currencies almost everywhere, often even very easily via P2P or exchange offices. In Turkey, for example, the exchange offices use their own wallet address: I send my BTC there and get the money back as I need it, in euros, lira or dollars.

•

Tobi@Tobiwankenobi500

@HyFive Turkey was my first time this year... Yenifoca and Antalya - only 5 days in total, but I was very surprised about the many "Bitcoin banks" / ATMs

•

HyFive@HyFive

@Tobiwankenobi500 Germany is usually lagging far behind.

•