XRP Gains Ground in Weekly Crypto Inflows as Ethereum Continues Downtrend
Crypto investment products experienced net inflows of $6 million last week, reflecting investor uncertainty and regional sentiment variations. The US saw significant outflows, totaling $71 million, largely influenced by stronger-than-expected retail sales data, which led to a mid-week capital withdrawal of $146 million. In contrast, European markets showed positive trends, with Switzerland, Germany, and Canada reporting inflows of $43.7 million, $22.3 million, and $9.4 million, respectively. Bitcoin had minor outflows of $6 million, with short Bitcoin products seeing continued withdrawals totaling $1.2 million, marking seven consecutive weeks of outflows and a cumulative $36 million withdrawal. Ethereum faced ongoing pressure with $26.7 million in outflows, totaling $772 million since the start of its eight-week trend, yet it remains second in year-to-date inflows at $215 million. XRP recorded inflows of $37.7 million, ranking third in year-to-date flows with $214 million.
