HomeNewsBitcoin draws $1.55bn as $2.17bn crypto inflows reverse after Greenland tensions, tariffs.

Bitcoin draws $1.55bn as $2.17bn crypto inflows reverse after Greenland tensions, tariffs.

-

According to CoinShares’ report, digital asset investment products drew about $2.2 billion in inflows last week, led by Bitcoin. Momentum flipped on Friday after roughly $378 million of outflows amid diplomatic tensions over Greenland, renewed tariff threats, and reports that Kevin Hassett would remain in his current role (Ed. note: Most inflows came earlier in the week).

Bitcoin led with about $1.6 billion, while Ethereum drew roughly $500 million and XRP about $70 million. Altcoins added smaller sums, including XRP products ($46 million), Sui ($5.7 million), Lido ($3.7 million), Hedera ($2.6 million), Litecoin ($2.3 million), and Chainlink ($1.2 million); multi-asset funds lost about $12.5 million.

The United States led inflows with roughly $2.1 billion, followed by Germany ($64 million) and Switzerland ($42 million). Canada added about $12 million and the Netherlands $6 million, while Sweden saw over $4 million exit and Brazil lost about $1 million.

Market participants said the flow reversal signaled broader risk-off behavior across digital assets. Petr Kozyakov, co-founder and CEO of Mercury, warned “The pullback in digital assets suggests that optimism was on thin ice, underscored by multi-million-dollar liquidations across derivatives markets.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

Chainlink Bridges $80T in US Equities On-Chain as Network Reserves, Interest Surge

Chainlink has expanded its blockchain infrastructure by introducing real-time U.S. stock and ETF prices on-chain, a move the firm claims unlocks $80 trillion in equities...

SEC satisfied as Gemini pledges $40M, dismissal sought after Genesis returns 100% for Earn

The U.S. civil suit by the SEC against Gemini Trust Company and Genesis Global Capital over the Gemini Earn lending program was dismissed with prejudice...

Arbitrum Tumbles 15% Despite $17M Bridge Inflows; Whales Eye Rebound

Arbitrum's ARB token fell over 15% in a week, breaking below key multi-month support levels and leaving investors uncertain. However, a sharp $17 million surge...

BitGo stock tumbles 22% after IPO debut, falling below offering after $212M raise and SPAC

On Friday, shares of BitGo (trading as BTGO) fell nearly 22% in their second day of trading on the New York Stock Exchange after the...

Most Popular

spot_img