XRP a Bright Spot as Investors Yank $789 Million from Bitcoin, Ethereum Funds: CoinShares
Digital asset products have experienced $7.2 billion in outflows since February, marking a record decline. Last week, outflows totaled $795 million, primarily from Bitcoin ETFs ($751 million) and Ethereum funds ($38 million). CoinShares Head of Research James Butterfill noted that this trend is not alarming, as Bitcoin has outperformed equities since recent tariff announcements. Bitcoin's price rose to nearly $85,000, reflecting a 0.4% increase, while the Nasdaq gained 0.88%. Year-to-date, Bitcoin funds attracted $545 million and Ethereum funds $241 million. Despite retail investors buying the dip after Bitcoin fell to $74,700, institutional pessimism persists with three consecutive weeks of outflows. Other cryptocurrencies also saw losses, except for XRP, which gained $3.5 million following the launch of the Teucrium 2x Long Daily XRP ETF. In contrast to last year's $44 billion inflow into crypto products, only $165 million has been allocated in 2025.
