XRP Posts Biggest Inflows Since December While Ethereum Investors Flee
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)