August 6th, 2025
Key Takeaways
$20.6B raised by crypto projects YTD, surpassing all of 2024
Altcoin ETFs expected by fall as regulatory clarity advances
July saw $11.4B in BTC and ETH ETF inflows, plus $135M for Solana
Stablecoin volume exceeded Visa’s; adoption continues to accelerate
80,000 BTC moved from dormant wallets raises concerns over legacy security
Market remains decisively risk-on, with crypto leading high-beta exposure
Market Overview
Crypto markets stayed firmly in risk-on mode through July. Bitcoin ETF inflows hit $6.1B, while Ethereum saw $5.2B—marking one of the strongest institutional months on record. Altcoins also showed strength, with Solana ETFs pulling in $135M and mid-caps seeing renewed momentum.
Meanwhile, miners continued selling into strength, and retail remained cautious—but institutional allocators are aggressively rotating into risk. This is where nimble, active strategies thrive—especially those targeting altcoin momentum across cycles.
Regulatory Developments
The GENIUS Act and CLARITY Act—both passed in July—redefined the U.S. crypto regulatory landscape.
GENIUS classifies stablecoins as bank-supervised, removing SEC/CFTC uncertainty
CLARITY draws clear lines between securities and commodities, and allows token sales if networks decentralize
Both acts position altcoins for greater legitimacy, especially those focused on payments, infrastructure, or decentralization
CKC.Fund is well-positioned to benefit from these changes, allocating into projects aligning with regulatory trajectories—long before most passive vehicles adjust.
SEC Actions
In a significant shift, the SEC approved in-kind creation/redemption for BTC and ETH ETFs, unlocking further institutional flow efficiency.
Altcoin ETF approvals remain >90% likely by Q4. The SEC also opened up feedback on DAO liability, signaling further engagement with decentralized protocols.
This backdrop favors agile managers who can anticipate regulatory tailwinds and rotate into assets gaining early compliance and liquidity access.
Institutional Moves
Galaxy Digital executed an 80K BTC ($9B) OTC trade in July—absorbed without disruption, underscoring market maturity
MicroStrategy added to its BTC stack, and corporate ETH treasuries surged 25x since April
VC funding hit $20.6B YTD, already outpacing 2024’s full-year total
These capital flows speak for themselves: institutions are entering at scale, but not all assets will benefit equally. CKC.Fund’s ability to rotate between momentum altcoins is key to capturing alpha in a capital-rich environment.
Political Influence on Markets
July saw escalating trade tensions. While the EU, Japan, and others secured tariff deals, top U.S. partners—China, Mexico, Canada—faced increased friction.
This contributed to a 44% drop in U.S. consumer goods imports and a 10.8% narrowing of the trade deficit. Meanwhile, Argentina and Brazil saw crypto volumes spike amid FX volatility and policy instability.
As macro pressures shift capital toward digital assets, stablecoins and altcoins tied to global commerce stand to gain. CKC.Fund is actively monitoring cross-border rails, real-world asset plays, and stablecoin ecosystems for strategic entries.
Macro and Global Liquidity
Inflation ticked up again; September rate cut odds faded
CPI rose to 2.9%, while PCE climbed to 2.8%
Yet markets remain risk-on, supported by high ETF inflows, leveraged positioning, and strong Russell 2000 performance
Liquidity is flowing—not just into BTC and ETH, but increasingly into altcoins with real product traction, exchange listings, and liquidity depth. This is prime ground for active strategies to outperform.
Looking Ahead
With altcoin ETF approvals looming and fresh regulatory clarity reshaping the opportunity set, CKC.Fund is uniquely positioned to capture the upside of emerging crypto narratives—without the lag of passive vehicles or index-style exposure.
We continue to prioritize momentum-based entries into liquid altcoins, balancing exposure across themes like DePIN, restaking, and decentralized infrastructure—while managing downside through strict risk controls.
The months ahead may very well reward speed, adaptability, and regulatory alignment. We’re already positioned accordingly.
For more information or inquiries, please reach out to us at info@ckc.fund
CKC.Fund – Offshore. Actively managed. Altcoin focused.
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