Crypto Funds Rake in $2.7B Over 11 Weeks Straight as Investors Flee Geopolitical Chaos
Safe-haven status confirmed? Digital asset funds just notched their eleventh consecutive week of inflows—$2.7 billion worth of 'hedge against the world burning' bets.
Wall Street's new love affair
While traditional markets wobble over border skirmishes and election drama, crypto products are vacuuming up capital like a yield-starved DeFi protocol. Guess the 'risk-off' crowd missed the memo about volatility.
The cynical take
Nothing unites hedge funds and retirees quite like the fear of missing out—on gains or apocalypse prep, depending who you ask. At least the blockchain doesn't ask for UN sanctions paperwork.
US Sees $2.65 in Crypto Funds Inflows
The bulk of the inflows came from the United States, accounting for $2.65 billion.
Switzerland and Germany recorded modest additions of $23 million and $19.8 million, respectively, while Canada, Hong Kong, and Brazil posted small outflows.
Hong Kong, in particular, has seen steady outflows since recent price spikes, reaching a total of $132 million in June alone.
Bitcoin remained the primary magnet for capital, drawing $2.2 billion last week, a commanding 83% of total inflows, while short-Bitcoin products extended their year-to-date outflows to $12 million, signaling broad Optimism for Bitcoin’s prospects.
Ethereum followed with $429 million in inflows, boosting its yearly total to $2.9 billion, whereas solana has attracted just $91 million so far this year, highlighting a significant gap in investor confidence.
Meanwhile, Bitcoin ETFs are outperforming gold ETFs, with $3 billion in Bitcoin ETF inflows versus $1 billion in gold ETF outflows over five days, highlighting a shift among investors seeking better hedges against traditional U.S. assets.
JUST IN:
Investors are selling gold for bitcoin – Bloomberg
Gold ETF outflows: -$2.8 billion
Bitcoin ETF inflows: +$9 billion pic.twitter.com/PUUTyLw9VA
The rising interest in spot Bitcoin ETFs comes as corporate adoption continues to accelerate despite macro uncertainties.
Anthony Pompliano’s ProCap BTC acquired 3,724 Bitcoin for $386 million as part of plans to go public through an SPAC merger, while Japan’s Metaplanet raised $517.8 million on the first day of its ambitious “555 Million Plan,” which targets 210,000 Bitcoin by 2027.
Bitcoin Rallies Past June Lull as Trump Tax Bill Boosts Sentiment
Bitcoin snapped its typical June weakness with an early Asian rally, tracking equity markets that hit new record highs last week.
The surge was fueled by renewed optimism in Washington, where former President Trump’s $4.5 trillion tax package advanced in the Senate, according to a recent note by QCP Capital.
Market eyes are now fixed on today’s decisive 9 am ET vote, with Republicans racing to seal the deal before the July 4 deadline.
“With BTC spot edging toward $108k, we’re beginning to see a build-up in Leveraged longs as perpetual funding rates flip from flat to positive across major exchanges,” QCO wrote on Monday.
“Positioning appears to be chasing the move, as participants lean into directional bets ahead of quarter-end.”
Meanwhile, ethereum and Solana rallied on hopes that REX Shares’ ETH and SOL staking ETFs could soon win SEC approval, offering institutions new ways to earn crypto yield.
