Investors Bought XRP Funds Last Week, While Bitcoin and Ethereum Lost Millions

XRP investment vehicles were among the few crypto funds to see net inflows last week, while Bitcoin and Ethereum products lost a combined $416 million.

Data from CoinShares’ head of research, James Butterfill, confirmed this on Monday. XRP-related investment products recorded a net inflow of $15.8 million last week as market participants doubled down on the asset despite predominant broader sell-offs.

Key Points

• XRP investment products recorded a net inflow of $15.8 million last week.
• Digital investment products saw a notable $414 million outflow last week, spurred by geopolitical tension and economic uncertainties.
• Ethereum received the hardest blow, recording a net weekly outflow of $222 million, the worst of any cryptocurrency.
• Bitcoin followed in this step, with a softer $194 million outflow.
• Following the weekly outflows, the total assets under management (AUM) for crypto products dropped to $129 billion.
• Regionally, the US contributed significantly to weekly outflows, with $445 million in outflows.

Crypto Investment Products Sees Broader Sell-Offs

The CoinShares report highlighted that digital investment products saw a notable $414 million outflow last week, spurred by geopolitical tension and economic uncertainties. The Middle East conflict fears heightened, as despite ceasefire attempts by the US, Iran seems resolute in continuing the war and shutting down the Strait of Hormuz.

Elsewhere, the US Federal Reserve (Fed) failed to cut interest rates earlier in the month, as the economy feels the heat of the elongating war with Iran. The rising crude oil price has weighed on key sectors, driving up inflation risk. Consequently, the chance of an interest rate slash this year is growing increasingly slim.

These factors drove skepticism, with investors pushing away from risky assets. Crypto products reflected this skepticism, recording their first outflow in five weeks.

XRP Shines but Investors Dump Ethereum and Bitcoin

Notably, Ethereum funds received the hardest blow, recording a net weekly outflow of $222 million. The mass exodus brought their YTD net outflow to $273 million, reflecting the products’ struggles beyond the current macroeconomic headwinds. Butterfill highlighted that last week’s Ethereum net outflows might be “Clarity Act related.”

Bitcoin followed in this step, with a softer $194 million outflow. The funds have been in a good run lately, which means they still maintain a positive YTD flow of $964 million.

Investment products tied to Solana and multi-assets also saw outflows, with XRP the only shining light. Notably, funds tracking the XRPL native token saw the largest net inflows totaling $15.8 million, as investors maintained interest despite the broader struggle.

Following the weekly outflows, the total assets under management (AUM) for crypto products dropped to $129 billion, revisiting valuation levels last seen in early February. This level is also comparable to April 2025, when the Donald Trump tariff war was in its initial phases.

Flows by Country

Regionally, the US contributed majorly to the weekly outflows, recording a $445 million outflow. This is understandable, given that the negative sentiment around the digital asset ecosystem stemmed from developments mostly impacting the country.

Other notable sources of selling pressure were from Switzerland and Sweden, which saw outflows of $4 million and $3.5 million, respectively.

In contrast, Germany and Canadian investors bought the dip, recording inflows of $21.2 million and $15.9 million, respectively. Brazil also saw inflows of just under $1 million.