Key takeaways
- XRP saw notable inflows of $89 million last week despite widespread market outflows.
- Digital asset investment products faced outflows of $1.9 billion, the third largest since 2018.
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XRP was one of the few major digital assets to record net inflows last week. CoinShares Research I mentioned About $89 million was transferred into XRP investment products, while most other high-value tokens saw significant withdrawals.
However, the positive flow of XRP was not enough to offset losses in other digital assets. Digital asset investment products saw widespread outflows totaling $1.9 billion last week, representing a four-week cumulative outflow of $4.9 billion, one of the largest since 2018.
Bitcoin saw the majority of the outflows totaling $1.3 billion last week, but it also posted the largest rebound on Friday with inflows of $225 million.
Ethereum saw outflows totaling $589 million, representing 7.3% of assets under management, while Solana saw outflows of $156 million.
