Bitcoin (BTC) and cryptocurrency-based investment funds globally closed last week with positive inflows of $6 million. These financial instruments thus broke a two-week losing streak, during which outflows totaling $1 billion were recorded.
Inflows and outflows of funds into digital asset-based investment products. Source: CoinShares.
Regarding this, James Butterfill, head of research at CoinShares, explained in his latest report: “It’s a small inflow of $6 million, sentiment remains mixed but shows signs of recovery.”
Regarding this mixed sentiment, the specialist explained that it is due to investors' behavior with Bitcoin -based investment funds. "Although the week began with lower inflows, higher-than-expected US retail sales figures midweek likely led to outflows of $146 million," he added.
Finally, investment products based on the currency created by Satoshi Nakamoto closed the week with outflows exceeding $6 million. The note was given by the financial instruments of XRP, the cryptocurrency issued by Ripple Labs, which registered entries of more than 37 million dollars.
“It’s the third most successful crypto asset this year, with inflows of 214 million to date,” Butterfill said.
Meanwhile, funds from ether (ETH), the native cryptocurrency of the Ethereum network, are struggling and saw negative flows of $26 million last week. In the last 8 weeks, total outflows exceed $770 million. Beyond this weak performance, they have accumulated revenues of $215 million so far this year.
XRP surpassed BTC in global institutional investment last week. Source: CoinShares.
At the regional level, investment products in the United States recorded outflows of $71 million. While in Germany, Switzerland, and Canada, revenues totaled $22 million, $43 million, and $9 million, respectively.
The inflows into investment products based on digital assets are a sign that market sentiment is changing. This is due to expectations that the "tariff war" unleashed by US President Donald Trump will end. On April 2, in the framework of Liberation Day, the president announced reciprocal tariffs for several countries, including China, Canada, the European Union, and all of Latin America.
