Crypto Inflows Rebound as XRP Leads Week with $224M Gains

Crypto investment products posted a modest rebound last week, even as investors weighed mixed geopolitical signals and expectations for hawkish policy responses. Global crypto exchange-traded products (ETPs) pulled in about $224 million in fresh inflows, a turnaround from the prior week’s $414 million withdrawal, according to CoinShares.

Assets under management (AUM) rose to roughly $131.8 billion, staying near the levels seen at this time last year. Year-to-date inflows total about $1.2 billion, compared with $960 million over the same period a year earlier. CoinShares notes that the late-week tilt in macro data and policy expectations trimmed the early-week optimism, tempering momentum as sentiment evolved.

Key takeaways

• Overall flows: Crypto ETPs drew about $224 million in inflows; AUM about $131.8 billion; year-to-date inflows around $1.2 billion.
• XRP led the weekly inflows with roughly $120 million, contributing more than half of net weekly inflows and marking the largest weekly inflow for XRP since December 2025. Year-to-date XRP inflows total about $159 million.
• Bitcoin: BTC ETPs attracted about $107 million of inflows, pushing year-to-date flows above $1 billion. Only around $22 million of that came from U.S. spot Bitcoin ETFs, which remain in negative territory year-to-date.
• Ethereum: Ether investment products posted about $53 million in outflows for the week, with year-to-date outflows reaching around $327 million. Negative sentiment around Ethereum was linked to regulatory developments surrounding the CLARITY Act.
• Solana and geography: SOL saw roughly $35 million in inflows, continuing a pattern of steady inflows this year that account for about 10% of total assets under management. Regionally, Switzerland led weekly inflows at roughly $157 million, followed by Germany and the United States at about $28 million each, and Canada with around $11 million.

Flows by asset and the macro backdrop

Among the leaders, XRP’s surge stood out as the most substantial contributor to weekly inflows. The token’s $120 million contribution accounted for more than half of the total, underscoring ongoing investor interest in digital assets beyond the broadest market bets. In contrast, Ether’s negative week reflected the ongoing caution around Ethereum-linked regulatory developments and the signaling around stablecoins, as investors monitor the potential implications for DeFi and cross-chain activity.

Bitcoin continued to attract capital, with a solid $107 million added to ETPs. The modest lift in BTC inflows came as U.S. spot ETF contributions remained limited, with only about $22 million of the weekly total originating from U.S. spot filings. Despite the positive weekly reading, year-to-date flows into U.S. Bitcoin ETFs remain negative when viewed in aggregate, signaling that domestic demand faces ongoing hurdle versus global demand.

Solana’s $35 million weekly inflows reinforced the narrative of a diversified crypto ETP landscape, where smaller-cap or cross-chain tokens can still garner steady capital even as larger coins dominate activity.

Regulatory backdrop and market implications

CoinShares’ market commentary points to the regulatory environment as a persistent driver of sentiment. The firm’s head of research, James Butterfill, highlighted that the inflows signaled a tentative rebound in appetite but cautioned that momentum could wane if macro data and policy expectations shift further. The current ambivalence around policy—especially regulatory proposals tied to stablecoins and broader market structure—appears to be shaping where investors allocate fresh funds in the near term.

On the regulatory front, attention remains focused on the CLARITY Act and its potential trajectory in the U.S. Senate. After months of delays, a member of the Senate Banking Committee signaled that a pathway for legislation could emerge in the coming weeks. Market participants are watching whether clarity around crypto regulation could unlock more robust inflows into ETPs and related investment products, or if policy uncertainty could continue to suppress certain segments of the market.

Geography also mattered in the latest flows. Switzerland led inflows for the week, followed by Germany and the United States, with Canada contributing smaller, yet meaningful, inflows. The regional mix underscores ongoing global interest in crypto exposure through traditional investment vehicles, even as domestic regulatory conditions vary by jurisdiction.

For investors eyeing the next few weeks, a combination of macro indicators, ongoing policy discussions, and the pace of regulatory clarity will help shape demand for crypto ETPs. The tailwinds or headwinds from these factors could determine whether the current stabilization in flows persists or gives way to renewed volatility.

Source data and commentary are provided by CoinShares, with attribution to James Butterfill, head of research, for insights into weekly inflow dynamics and sentiment shifts. For readers tracking fund-level movements, CoinShares’ weekly fund flow reports remain a primary reference point for institutional positioning in the digital-asset space.

What to watch next: Market participants will be closely assessing upcoming macro releases and any concrete developments on crypto regulation in the United States and key European economies. The path of the CLARITY Act and related regulatory signals will likely influence the pace and composition of inflows into crypto ETPs in the weeks ahead.