The Ethereum USDlatest CoinShares weekly snapshot reveals crypto investment products attracted $6 million in net inflows, masking significant asset-level divergences. While XRP extended its upward trajectory with $37.7 million inflows, Ethereum bled another $26.7 million - continuing an eight-week exodus that's now removed $772 million from ETH products.
Market participants displayed cautious optimism early in the reporting period before stronger-than-expected US retail sales data triggered a mid-week reversal. "We observed $146 million in outflows following the economic release," noted CoinShares researcher James Butterfill, "effectively erasing prior gains and underscoring crypto's sensitivity to macroeconomic indicators."
Geographic Split: US Outflows vs European Accumulation
Regional breakdowns highlight stark contrasts in investment behavior. American investors withdrew $71 million from crypto products, while European markets demonstrated resilience:
- Switzerland: $43.7 million inflows
- Germany: $22.3 million inflows
- Canada: $9.4 million inflows
This geographic divergence suggests varying interpretations of regulatory clarity and macroeconomic conditions across jurisdictions.
Bitcoin's Mixed Signals & Short Position Unwind
Bitcoin products saw minor $6 million outflows despite intra-week volatility. More notably, short BTC positions extended their liquidation streak to seven consecutive weeks with $1.2 million withdrawn. The cumulative $36 million reduction now represents 40% of total assets in bearish Bitcoin vehicles - a potential indicator of shifting market sentiment.
XRP's Ascent vs Ethereum's Struggles
XRP's $37.7 million weekly haul propels it to third place in year-to-date flows ($214M), trailing only Ethereum's $215M. This performance comes despite ETH's recent struggles, suggesting investors may be reallocating within altcoin exposure rather than exiting the sector entirely. The sustained interest in XRP products contrasts sharply with Ethereum's prolonged outflow pattern, raising questions about relative valuation assessments.
Market analysts point to several potential drivers for XRP's outperformance, including growing institutional adoption in payment solutions and favorable technical developments. Meanwhile, Ethereum continues grappling with network upgrade uncertainties and competitive pressures from alternative smart contract platforms.
As the second quarter progresses, observers will monitor whether these flow patterns represent short-term rotations or more fundamental shifts in crypto asset allocation strategies. The persistent regional divergences also highlight the importance of local regulatory and macroeconomic factors in shaping digital asset investment decisions.
