Digital Assets Experience $3.3B Weekly Inflows Despite XRP’s Significant Turnaround

XRP experienced a notable shift after an impressive 80-week streak of inflows, with outflows amounting to $37.2 million—marking the highest figure ever recorded. This decline occurred even as the wider digital asset market garnered $3.3 billion in inflows during the previous week.

As reported by CoinShares, this influx continued a six-week trend, bringing the total inflow to $10.5 billion. For the year, total inflows now stand at an astounding $10.8 billion, with total assets under management reaching a peak of $187.5 billion briefly.

Investors Seek Diverse Opportunities

Experts suggest that increasing economic unpredictability in the US, particularly after Moody’s credit rating downgrade and rising treasury yields, has driven investors to diversify into digital assets.

The most recent ‘Digital Asset Fund Flows Weekly Report’ indicated that Bitcoin was at the forefront of digital asset inflows last week, capturing $2.9 billion, constituting a quarter of the total inflows for 2024. Notably, some investors decided to short Bitcoin amid its rally, resulting in $12.7 million flowing into short-Bitcoin products, which is the largest amount since December 2024.

Ethereum followed suit with $326 million in inflows, marking its best performance in 15 weeks and the fifth consecutive week of positive movement. Similarly, Solana and Sui each recorded inflows of $4.3 million and $2.9 million, respectively. Chainlink and Cardano also saw modest inflows of $0.9 million and $0.6 million in the same timeframe.

In contrast to XRP, multi-asset products deviated from the positive trend, experiencing $1.9 million in outflows.

Outflows Observed in Switzerland and Sweden

Regionally, the US dominated the landscape with $3.2 billion in digital asset inflows last week, significantly ahead of other areas. Germany, Hong Kong, and Australia followed with $41.5 million, $33.3 million, and $10.9 million, respectively. Canada recorded only minimal inflows of $0.1 million during the same week.

Conversely, investors in Switzerland opted to take profits amid rising prices, resulting in outflows of $16.6 million. Sweden also saw $12.1 million in outflows, while Brazil noted $1.9 million exiting the market during the same period.