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XRP Posts Biggest Inflows Since December While Ethereum Investors Flee

BeInCrypto
XRP saw its largest inflows since December, while Ethereum experienced outflows due to regulatory concerns.

Summary

Digital asset investment products recorded $224 million in inflows last week, with XRP leading at $119.6 million, its highest since December. This surge was primarily driven by European investors, with Switzerland accounting for the largest share of inflows ($157.5 million). In contrast, Ethereum (ETH) continued to see outflows totaling $52.8 million, largely attributed to investor caution surrounding the Digital Asset Market Clarity Act. Bitcoin also saw inflows of $107.3 million, though net outflows for April remain. The positive momentum experienced early in the week reversed late Friday due to stronger-than-expected US retail sales data and hawkish Federal Reserve expectations, alongside geopolitical uncertainties.

(Source:BeInCrypto)