Bitcoin, Ether, Solana, XRP ETFs See Record AUM as Traders Warn of ‘Summer Lull’
Bitcoin, Ether, Solana, and XRP ETFs have achieved a record total assets under management of $188 billion. Last week alone, Ether-tracked products attracted $226 million in inflows, while Solana brought in $22 million and XRP added $11 million. Despite an increase in ETF inflows, Bitcoin's price remains stable around $108,700 amid macroeconomic uncertainty due to potential U.S. tariff hikes under President Trump, impacting broader markets. Although Bitcoin shows resilience against these external pressures, on-chain activity and volatility have reached lows not seen in nearly two years, indicating a possible market fatigue referred to as a 'summer lull' by analysts. Traders express caution, noting that while there is still bullish sentiment within the market, any shift could prompt quick profit-taking. Overall, even with signs of indecision, the crypto market continues to maintain a risk-on approach with significant inflow dynamics. CoinShares reported $1 billion entered crypto funds last week, reflecting ongoing investor confidence, particularly in Bitcoin.
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