XRP Shocks The Market: Surges Ahead While Bitcoin & Ethereum Bleed
Digital asset investment products continued to bleed capital last week, registering $795 million in net outflows globally, according to the latest data from CoinShares.
This brings total outflows since early February to a staggering $7.2 billion — effectively erasing year-to-date inflows, which now stand at just $165 million.
Tariff Concerns Drive Investor Exodus
CoinShares Head of Research James Butterfill attributed the continued drawdown to negative sentiment surrounding U.S. President Donald Trump’s recent tariff actions, which have cast a shadow over global markets — including crypto. However, Butterfill noted a glimmer of relief late in the week, as a price rebound lifted total assets under management (AUM) from a multi-month low of $120 billion on April 8 to $130 billion, marking an 8% recovery.
“President Trump’s temporary reversal of economically calamitous tariffs helped spark the rebound — though notably, China was excluded from the reprieve,” Butterfill wrote.
Bitcoin Leads Outflows Despite Price Rebound
Bitcoin investment products were the hardest hit, with $751 million in net outflows. Despite this, year-to-date inflows for BTC still sit at $545 million. Interestingly, short-Bitcoin products also recorded $4.6 million in outflows, suggesting investors are not increasing bearish bets.
Bitcoin prices dipped below $75,000 early last week but rebounded sharply, trading above $84,000 by Friday. The GMCI 30 index, tracking major cryptocurrencies, gained 13% over the same period.
XRP is doing better than biggest crypto tokens
Ethereum-based products posted the second-largest net outflows globally, with $37.6 million withdrawn. U.S. spot ETH ETFs led the downturn with $82.5 million in outflows, offsetting limited gains from international markets.
Solana, Aave, and Sui products also recorded small net outflows, while investment vehicles tied to XRP, Ondo, Algorand, and Avalanche managed to attract minor inflows.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
