XRP Registers $37.7 Million in Weekly Inflows While Ethereum Sees $26.7 Million Outflow
According to CoinShares' latest report, crypto investment products saw net inflows of $6 million last week, indicating mixed investor sentiment.
US Crypto Outflows Lead the Week
- The US experienced a net withdrawal of $71 million from investment products.
- Stronger-than-expected US retail sales data triggered significant capital outflows, totaling $146 million mid-week.
- European markets showed positive trends with net inflows: Switzerland ($43.7 million), Germany ($22.3 million), and Canada ($9.4 million).
Bitcoin saw minor outflows totaling $6 million, marking seven consecutive weeks of withdrawals for short positions, amounting to $36 million overall.
Ethereum and XRP Fund Trends
- Ethereum faced $26.7 million in outflows, totaling $772 million over eight weeks.
- Despite recent pressure, Ethereum has recorded $215 million in year-to-date (YTD) inflows.
- XRP had inflows of $37.7 million, ranking third in YTD fund flows with $214 million since the start of the year.
XRP's resilience amid market uncertainty is attracting investor interest in diversified crypto portfolios.