Crypto Investment Products See Modest Inflows, XRP Leads the Way

Edited by: Elena Weismann

Digital asset investment products experienced a slight net inflow of $6 million last week, according to a report by CoinShares. This occurred despite a $146 million outflow mid-week, triggered by strong U.S. retail sales data, reflecting mixed investor sentiment.

The U.S. market continued to see outflows, totaling $71 million for the week. However, European countries and Canada showed positive sentiment, with combined inflows of $75.4 million, led by Switzerland with $43.7 million.

Bitcoin experienced minor outflows of $6 million. Ethereum continued its negative trend, with outflows of $26.7 million last week. XRP showed strong performance, attracting inflows of $37.7 million, positioning it as the third most successful asset year-to-date with $214 million in inflows.

Did you find an error or inaccuracy?

We will consider your comments as soon as possible.