The dust was thick and the air heavy when Ethereum dragged in $2.12 billion last week, panting like a farmhand after harvest, doubling its own sorry record without so much as a whisper of complaint.
The whole digital carnival spun wilder, pulling in $4.39 billionâmore than those giddy days after the 2024 election when folks thought the world might right itself. It didnât. But here we are.
Altcoins Hitch Their Wagons
CoinShares, those ledger-loving scribes, scribbled down that Ethereumâs been workinâ harder than a one-legged man at a kicking contest. Thirteen weeks of green, 23% of its pile under management. This year alone, itâs hauled in $6.2 billionâenough to make a banker blush or faintâwhichever comes first.
The whole bloated beast of crypto management swelled to $220 billion, while ETPs traded a cool $39.2 billion. Not that anybody counted. Twice.
Bitcoin, old and sagging like a barn door, managed $2.2 billionâdown from last weekâs $2.7 billion. Shoulda seen the look on its face. Solana strutted in with $39 million, XRP waddled behind at $36 million, and little Sui scraped together $9.3 million like a kid collecting soda bottles for nickels. Chainlink and Cardano? Pocket lintâ$0.9 million and $0.3 million, respectively. Bless their hearts.
The only losers? Multi-asset products, bleeding $16.4 million. Probably invested in turnips. Or politics.
QCP Capital, those fortune-tellers with calculators, muttered that Bitcoinâs dominance slipped from 64% to 60%, while Ethereumâs chunk grew from 9.7% to 11.6%. âAltcoin seasonâs cominâ,â they whispered, like gamblers eyeing a rigged roulette wheel.
Money Flows Where Itâs Tolerated
The U.S., that glutton, swallowed $4.37 billion. Switzerland nibbled $47.3 million, Australia and Hong Kong coughed up $17.3 million and $14.1 millionâjunk change under the couch cushions. Canada tossed in $3 million, which probably bought a hockey puck and half a donut.
Brazil and Sweden? They lost $28.1 million and $21 million, respectively. Germany shed $15.5 millionâprobably to pay for someoneâs sensible shoes.
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2025-07-22 03:03