Last week, crypto markets experienced mixed signals, reflecting investor caution amidst fluctuating economic data. According to CoinShares data, total outflows reached $146 million after stronger-than-expected US retail sales data spooked investors.
Bitcoin saw a minor outflow of $6 million, indicating market uncertainty. Short Bitcoin products experienced their seventh consecutive week of outflows, losing $1.2 million.
Ethereum faced significant outflows of $26.7 million, bringing its eight-week total losses to $772 million. XRP, however, saw substantial inflows of $37.7 million, driven by expectations of a spot XRP ETF.
US-based investors led the outflows, pulling $71 million from crypto funds. In contrast, Switzerland recorded $43.7 million in inflows, and Germany saw $22.3 million in inflows.