XRP Posts Biggest Inflows Since December While Ethereum Investors Flee

Digital asset investment products recorded $224 million in inflows last week, with XRP capturing the bulk of fresh capital before macro headwinds reversed momentum late in the period.

The recovery came unevenly across regions and assets. Switzerland accounted for the largest share of inflows, while Ethereum (ETH) continued to hemorrhage capital as regulatory sentiment around the Clarity Act kept investors cautious.

Switzerland Takes the Lead, US Falls Behind

In a rare shift, European investors drove the week’s crypto inflows. Switzerland topped all regions with $157.5 million in inflows, according to CoinShares data. Germany and Canada followed with $27.7 million and $11.2 million, respectively.

Crypto Fund Flows By Region. Source: CoinShares

The United States, typically the dominant source of digital asset fund activity, placed third with just $27.5 million.

That marks a significant departure from prior weeks when US-based products led both inflows and outflows.

The geographic divergence suggests European investors are positioning differently from their American counterparts, potentially reflecting contrasting views on macro policy and regulatory progress.

XRP Surges, Bitcoin Splits, Ethereum Lags

At the asset level, XRP led all assets with $119.6 million in weekly inflows, its strongest performance since mid-December 2025.

Year-to-date inflows now stand at $159 million, representing roughly 7% of assets under management.

The token has consistently attracted capital even during broader market drawdowns, a pattern that has persisted since spot XRP ETFs launched in the US in late 2025.

Bitcoin posted $107.3 million in inflows, a modest improvement after a difficult start to April. However, net outflows for the month still total $145 million.

Crypto Fund Flows By Asset. Source: CoinShares

Sentiment remains divided. Short-bitcoin products drew $16 million last week, the highest level since mid-November 2025, signaling that bearish positioning is growing alongside cautious buying.

Solana also attracted $34.9 million, continuing a steady inflow trend that now represents 10% of its total AuM for the year.

Ethereum remained the weakest link, shedding $52.8 million. The ongoing Senate stalemate over the Digital Asset Market Clarity Act continues to weigh on ETH-related products.

The bill, which passed the House in mid-2025, has stalled over disagreements between banks and the crypto industry on stablecoin yield provisions.

Ethereum has the most exposure to the act’s outcome, given its central role in debates around asset classification.

Macro Pressure Stalls Early Momentum

The week’s inflows did not hold through Friday. Stronger-than-expected US retail sales data, combined with increasingly hawkish investor expectations for Federal Reserve policy, triggered a late-week reversal.

Minor outflows in the final sessions erased part of the week’s gains.

Mixed geopolitical signals added to the uncertainty. With crude oil prices elevated and rate-cut expectations fading, risk appetite across crypto products remains fragile.

XRP’s inflow momentum being able to sustain amid tightening macro conditions and regulatory stagnation hinges on the next set of economic data and any movement on the Clarity Act in the Senate.