XRP Investments Defy Market Trend with Major Inflows While Bitcoin Sees Massive $207M Drain
The post XRP Investments Defy Market Trend with Major Inflows While Bitcoin Sees Massive $207M Drain appeared on BitcoinEthereumNews.com.
Crypto asset investment products experienced significant outflows last week, totaling $240 million, with XRP deying the trend. The pullback comes amid concerns about U.S. trade tariffs, which have raised fears over potential economic slowdowns. Despite this, according to CoinShares’ data, total assets under management (AUM) remained relatively stable at $132.6 billion, reflecting a modest 0.8% increase from the previous week. Bitcoin and Ethereum Lead the Outflows Notably, the bulk of outflows last week stemmed from Bitcoin, which saw $207 million in withdrawals. This brings total year-to-date inflows for Bitcoin to $1.3 billion, despite the recent decline. Ethereum also saw notable outflows, with $37.7 million withdrawn last week, contributing to a $51.5 million outflow for the month. Flows by Assets Meanwhile, Solana experienced more modest outflows of $1.8 million last week and a $1.1 million outflow over the month. On the other hand, XRP saw inflows of $4.5 million for the week, although its month-to-date flows were negative at $2.1 million. These fluctuations prove differing investor sentiments toward various digital assets. Major Provider Outflows Among the key players in the market, the iShares ETF faced significant outflows, with $56 million pulled last week and $71 million over the month to date. Grayscale Investments saw the largest outflow of $95 million. Meanwhile, Fidelity Wise Origin Bitcoin Fund was an exception, seeing a modest $10 million inflow, contrasting the overall negative sentiment in the market. In addition, ARK 21 Shares reported an outflow of $20 million, though it continues to show strength with a year-to-date inflow of $146 million. Other smaller players, such as Bitwise Funds Trust, ProShares ETFs/USA, and CoinShares XBT Provider AB, also saw outflows on a smaller scale. Flows by Provider Regional Flow Trends Regionally, outflows were widespread, with the U.S. and Germany seeing the largest withdrawals, $210 million and $17.7 million,…
Filed under: News - @ April 7, 2025 10:22 pm