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XRP Leads $224 Million Weekly Inflows Into Global Crypto Funds, CoinShares Says

XRP Leads $224 Million Weekly Inflows Into Global Crypto Funds, CoinShares Says

According to CoinShares, global crypto investment products posted $224 million in weekly inflows, with XRP leading by asset and Switzerland surpassing the US in regional activity as Bitcoin sentiment stayed mixed and Ethereum saw outflows.

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Fact Check
The claim is strongly corroborated by two independently fetched reports: Yahoo Finance's "XRP Posts Biggest Inflows Since December While Ethereum Investors Flee" and Decrypt's "XRP ETFs Outpace Bitcoin as Crypto Funds Bounce Back After Down Week." Both specifically attribute the data to CoinShares and agree on the key figures: $224 million weekly inflows overall, XRP leading with $119.6 million, Switzerland leading regions with $157.5 million and surpassing the U.S. at $27.5 million, mixed Bitcoin sentiment evidenced by simultaneous inflows into Bitcoin and short-Bitcoin products, and Ethereum outflows of $52.8 million. The linked The Block article appears to be the direct secondary report matching the claim, but because its page could not be fetched in this run, confidence is medium rather than high.
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Summary

CoinShares reported that global crypto investment products recorded $224 million in inflows last week, recovering from a late-March downturn that had seen $414 million in outflows. XRP products led all assets with $119.6 million in inflows, their strongest positive net flows since mid-December, bringing year-to-date inflows to $159 million, or about 7% of assets under management. Regionally, Switzerland led with $151.5 million in inflows, followed by Germany with $27.7 million, while the US recorded $27.5 million and Canada $11.2 million. Bitcoin products added $107.3 million, although short Bitcoin products also drew $16 million, indicating split market positioning, while Solana funds gained $34.9 million and Ethereum products saw $52.8 million in outflows.

Terms & Concepts
  • XRP: A cryptocurrency associated with the XRP Ledger, used for payments and asset transfers across a blockchain-based network.
  • inflows: Net money entering an investment product over a set period, commonly used to track investor demand.
  • Assets under Management (AuM): The total market value of assets managed by a fund or investment product provider.