Despite widespread outflows across digital investment products, XRP still attracted notable inflows, allowing it to outperform both Bitcoin and Ethereum.
Over the past week, several crypto investment products underperformed. Funds tied to Bitcoin, Ethereum, and other assets recorded nearly $1 billion in withdrawals.
According to CoinShares, digital investment products saw total outflows of $952 million, marking the first weekly outflow in four weeks.
The report attributed this pullback to investor disappointment following delays in the passage of the CLARITY Act. While many initially expected the legislation to pass and be signed into law this year, recent reports indicate that the markup process will begin next month.
Ethereum and Bitcoin Funds Bleed But XRP Shines
Consequently, investors pulled $952 million from various crypto investment products during the week. Ethereum suffered the largest outflows, totaling $555.1 million. This reduced its total assets under management (AUM) to $24.56 billion.
Bitcoin followed with $460 million in outflows. Meanwhile, multi-asset products and Sui also recorded withdrawals of $55.7 million and $400,000, respectively.
However, investment products tied to XRP bucked the trend by recording strong inflows. According to the report, XRP products attracted $62.9 million in inflows over the past week, lifting month-to-date flows to $354.6 million and pushing cumulative AUM to $2.94 billion.
XRP’s standout performance has sparked celebration across its community. Reacting to the data, popular community figure Xaif noted that XRP “stole the show,” drawing in $62.9 million in inflows while both Bitcoin and Ethereum suffered heavy outflows.
Growing Demand for XRP
Since November, spot XRP ETFs have maintained a steady inflow streak, collectively attracting $1.07 billion. Notably, inflows into these ETFs were a key driver of XRP’s strong performance over the past week.
Meanwhile, XRP was not the only asset to see positive flows. Investment products linked to Solana, Short Bitcoin, and Chainlink also recorded inflows of $48.95 million, $4.6 million, and $3.3 million, respectively.
Flows Per Region
Notably, the bulk of last week’s outflows originated in the United States, totaling $990 million. Sweden, Switzerland, and Hong Kong followed, recording outflows of $18.7 million, $5.4 million, and $1.7 million, respectively.
In contrast, Germany, Canada, and Brazil boasted inflows of $46.2 million, $15.6 million, and $1.8 million, respectively.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
