Here’s what happened in crypto today

Here’s what happened in crypto today

Today in crypto, crypto funds drew nearly $2.5 billion in inflows last week despite sharp declines in Bitcoin and Ether prices. Open interest on derivative contracts for the World Liberty Financial (WLFI) token neared $950 million on Monday…

Today in crypto, crypto funds drew nearly $2.5 billion in inflows last week despite sharp declines in Bitcoin and Ether prices. Open interest on derivative contracts for the World Liberty Financial (WLFI) token neared $950 million on Monday, signalling strong interest ahead of a key token unlock. Meanwhile, investor and analyst Jordi Visser predicts AI will drive BTC investment.

Crypto funds see $2.5B inflows despite falling BTC, ETH prices

Cryptocurrency investment products witnessed a strong rebound last week, drawing in nearly $2.5 billion in inflows, according to data from CoinShares. The surge in capital came after the prior week recorded significant outflows of around $1.4 billion, signaling renewed investor appetite for digital asset funds.

Exchange-traded products (ETPs) were at the center of this momentum, logging $2.48 billion in inflows. The trend highlights growing institutional and retail interest in crypto-backed investment vehicles, even as the broader market remains volatile.

Daily flows in spot Bitcoin ETFs versus spot Ether ETFs last week. Source: SoSoValue

Despite the influx of funds, Bitcoin (BTC) faced downward pressure in the spot market. After briefly topping $113,000 earlier in the week, BTC fell below the $108,000 mark, reflecting ongoing uncertainty in price movements.

Ether (ETH) mirrored this trend, starting the week above $4,600 before tumbling below $4,300. The declines in both leading cryptocurrencies underline the disconnect between investment flows into structured products and short-term market performance.

Trump’s WLFI derivatives near $1B open interest ahead of unlock

Open interest in contracts for the Trump family-tied World Liberty Financial token neared $1 billion just hours ahead of a partial token unlock.

Open interest on derivative contracts for the World Liberty Financial (WLFI) token neared $950 million in early trading on Monday, before cooling to $887 million, still up 45% in the past 24 hours, according to CoinGlass.

WLFI open interest (green) compared to its price (yellow) over the past week. Source: CoinGlass

The trading volume on WLFI derivatives has jumped over 535% in the past day to $4.54 billion and is the fifth-most traded crypto derivative in the past 24 hours.

The token is trading at around 34 cents on most exchanges, down from a peak of over 40 cents a week ago.

Open interest is the number of active, outstanding contracts not yet settled and shows that WLFI is seeing strong interest ahead of an unlock of around 5% of the token supply due in a few hours.

AI to “speed up” rate of change, drive investors to Bitcoin as safe haven

Market analyst and investor Jordi Visser said AI will make stocks obsolete in the coming decades by exponentially reducing the innovation cycle and increasing the rate of change in society, ultimately driving investors to Bitcoin (BTC).

Visser told podcaster and investor Anthony Pompliano that AI will speed up innovation so much that slow-moving public companies will not maintain profitability or even get off the ground in an age of such rapid change. He said:

“If the innovation cycle is now sped up to weeks, we are in a video game where your company never hits escape velocity, and in that world, how do you invest? You don't invest, you trade.”

Visser said the change would force investors to seek an alternative store of value like Bitcoin, which would outlast conventional investment vehicles and publicly traded companies. 

Analyst and investor Jordi Visser shares his Bitcoin prediction on Anthony Pompliano’s podcast. Source: Anthony Pompliano