Key TakeawaysCrypto ETPs recorded $224 million inflows last week, rebounding from prior $414M outflows.XRP led with $120M inflows, over half of total.Bitcoin ETPs added $107M, but U.S. ETFs remain weak year-to-date.Ethereum saw $53M outflows, extending negative trend amid regulatory uncertainty.Crypto Investment Products See Modest Inflow RecoveryGlobal cryptocurrency exchange-traded products (ETPs) posted $224 million in net inflows last week, signaling a partial recovery in investor sentiment after the previous week’s $414 million outflows.According to CoinShares, total assets under management rose to approximately $131.8 billion, broadly in line with levels seen a year ago.Year-to-date inflows now stand at around $1.2 billion, slightly ahead of the same period in 2025.XRP Leads Inflows as Bitcoin FollowsXRP was the standout performer, attracting $120 million in inflows, marking its strongest weekly demand since December 2025.Bitcoin followed with $107 million in inflows, pushing its year-to-date total above $1 billion. However, only about $22 million came from U.S. spot Bitcoin ETFs, which remain in negative territory for the year.Solana also recorded modest inflows of $35 million, reflecting steady demand.Ethereum Continues to LagEthereum investment products posted $53 million in outflows, extending a negative trend after $222 million in outflows the previous week.Year-to-date, Ethereum ETPs have now recorded approximately $327 million in net outflows, underperforming other major assets.The weakness has been partly linked to uncertainty around U.S. crypto regulation, including developments tied to the CLARITY Act, which could impact stablecoin dynamics within the Ethereum ecosystem.Regional Flows Led by EuropeGeographically, inflows were concentrated in Europe:Switzerland: $157 millionGermany: $28 millionUnited States: $28 millionCanada: $11 millionThe relatively muted U.S. flows highlight ongoing caution among American institutional investors.Fragile Recovery Amid Macro UncertaintyWhile last week’s inflows suggest a short-term rebound, sentiment remains fragile.Late-week macro data and shifting policy expectations reversed some early optimism, reinforcing a mixed outlook for crypto investment products.Key factors to watch include:Continuation of inflows vs renewed outflowsU.S. regulatory developmentsFederal Reserve policy expectationsGeopolitical risksFor now, the data points to a tentative recovery, with capital selectively rotating into assets like XRP while broader conviction remains limited.
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