Global Crypto Investment Products Attracted $6 Million in Net Inflows During the Last Week

XRP-based investment products delivered the most notable weekly performance by absorbing $37.7 million in funds.

Global crypto investment products saw modest net inflows totaling $6 million over the past week even as investors remained cautious amid shifting market conditions, according to data from digital assets investment firm CoinShares on Monday.

The world’s biggest cryptocurrency, Bitcoin (BTC), saw funds turn pessimistic on U.S. retail sales, which took $146 million out of the market.

Despite this development, professional optimism is slowly returning to the market, and investment activity is picking up. However, experts are displaying mixed feelings regarding the market’s direction.

“Mixed investor sentiment saw crypto investors pull out of the market in anticipation of U.S. retail sales, which came in better than expected and took $146 million out of the market,” said James Butterfill, Head of Research at CoinShares.

Earlier this week, analysts at crypto derivatives trading platform Kaiko noted that XRP (XRP) had seen strong demand in 2024 due to its advanced liquidity capacity and new leveraged investment products.

CoinShares’ data revealed that XRP-based investment products attracted an interesting $37.7 million in funds since the beginning of the year, demonstrating sustained investor interest.

In comparison, the world’s second-biggest cryptocurrency, Ethereum (ETH), saw investment products post a seven-week streak of outflows, reaching $26.7 million. Meanwhile, Bitcoin products faced $6 million in outflows across the globe.

Short Bitcoin positions saw a continuous weekly decline for seven straight weeks throughout this year while losing $36 million from their total assets under management.

In terms of geographical preference, investors displayed a strong interest in Switzerland, which absorbed $43.7 million in funds. Close behind was Germany with $22.3 million, followed by Canada at $9.4 million.

However, U.S. fund managers acted differently from typical global patterns, showing $71 million in net capital outflow despite their positions as the market’s biggest player due to economic uncertainties linked to Trump-era tariffs policies.