Bitcoin, Ether, Solana, XRP ETFs See Record AUM as Traders Warn of ‘Summer Lull’
2025-07-09 03:58:39
Main Idea
Bitcoin and other cryptocurrency ETFs saw record assets under management (AUM) despite market volatility, with Bitcoin remaining stable near $108,700 as traders warn of a potential 'summer lull' in trading activity.
Key Points
1. Bitcoin remained stable near $108,700 despite market volatility from U.S. tariff threats and trade tensions.
2. Crypto ETFs recorded $188 billion in total AUM, with Ether-tracked products bringing in $226 million, Solana $22 million, and XRP $11 million last week.
3. CoinShares reported 12 consecutive weeks of net inflows, with nearly $1 billion entering crypto funds last week.
4. Market analysts noted Bitcoin's resilience to macro noise, suggesting investors may view it as insulated from global policy risks.
5. Despite bullish sentiment, trading volumes are drying up, signaling a potential 'summer lull' in activity.
Description
Bitcoin is holding firm near $108,700 even as traditional markets recoil from renewed trade tensions sparked by Donald Trump. The U.S. president signaled plans to hike tariffs on imports, potentially as high as 50%, citing ongoing friction with the European Union over tech regulations. The rhetoric sent Asian equities lower for a third time in four sessions, pushed copper futures down in London, and dragged U.S. equity futures into the red. Yet Bitcoin remained largely unfazed, suggesting crypto...
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