Cryptocurrency investment products have faced almost $5 billion in outflows over the past month, yet inflows at the end of last week suggest a shift towards improved sentiment.
Last week, crypto exchange-traded products (ETPs) experienced $1.94 billion in outflows, showing a slight decrease from the prior week’s $2 billion. According to a report from CoinShares, the four-week total now stands at $4.9 billion, marking one of the largest outflow runs in history, surpassed only by the tariff-driven sell-off in March and the downturn in February 2018.
CoinShares highlighted potential signs of recovery, noting $258 million in inflows during the final trading days of the week after a streak of redemptions lasting seven consecutive days.
Weekly crypto asset flows, in USD, millions. Source: CoinShares
XRP Funds Stand Out
XRP investment products defied the overall trend, achieving $89.3 million in inflows last week, even with a 6.9% decline in the token’s value. In contrast, Solana ETPs reported $156 million in outflows.
Bitcoin and Ether dominated the outflows, recording $1.27 billion and $589 million, respectively. Nonetheless, traders classified as “smart money” have increased their bets on XRP’s short-term appreciation, cumulatively adding $10.4 million in leveraged long positions in just 24 hours. Yet, they persist in betting on Bitcoin’s decline with $325 million in net short positions.
Smart money traders on Hyperliquid. Source: Nansen
