The cryptocurrency investment landscape saw a notable shift last week as global Exchange Traded Products (ETPs) bounced back into the green. After a shaky start to the month, crypto investment vehicles recorded $224 million in net inflows, signaling a brief but significant recovery in investor sentiment despite a complex macroeconomic backdrop.
According to the latest data from CoinShares, this recovery follows a hefty $414 million outflow from the previous week. While the market remains sensitive to geopolitical tensions and shifting interest rate expectations, the total assets under management (AUM) have stabilized at approximately $131.8 billion. This brings year-to-date inflows to $1.2 billion, outpacing the $960 million recorded during the same period last year.
XRP Takes the Lead While Bitcoin Trails
In a surprising turn of events, XRP became the primary driver of market growth last week. The asset secured $120 million in inflows, accounting for more than half of the total net gains across all crypto ETPs. This surge represents XRP’s strongest weekly performance since late 2025 and pushes its year-to-date total to an impressive $159 million.
Bitcoin followed in second place, though with slightly less momentum than its smaller counterpart. Bitcoin ETPs saw $107 million in fresh capital, bringing its yearly total just above the $1 billion mark. Interestingly, US-based spot Bitcoin ETFs contributed only a fraction of this—roughly $22 million—as American institutional products continue to struggle to find consistent footing so far this year. Meanwhile, Solana maintained its “steady climber” status, adding $35 million in inflows, which now represent 10% of its total AUM.
Ether Struggles Amid Regulatory Uncertainty
While XRP and Bitcoin enjoyed a positive week, Ethereum (ETH) continued its downward trend. Ether-based investment products posted $53 million in outflows last week, adding to a streak of negative sentiment that has resulted in $327 million leaving the ecosystem since the start of the year.
Analysts suggest this “Ether exit” is largely driven by policy jitters in the United States. Specifically, the CLARITY Act—a legislative framework focusing on stablecoins—has created a cloud of uncertainty. Since the majority of stablecoins are issued on the Ethereum blockchain, investors appear to be de-risking until there is more clarity on how the US Senate Banking Committee intends to move forward with the bill.
Geographically, the appetite for crypto remains a global affair but with clear regional leaders. Switzerland dominated the charts with $157 million in inflows, far outperforming Germany and the US, which both recorded modest gains of $28 million. As macro data continues to fluctuate, the market remains in a “wait-and-see” mode, looking for the next major catalyst to define the mid-year trend.
