Global crypto investment products bounced from the late-March sentiment downturn, with XRP funds and European investors stealing the spotlight from Bitcoin and US markets.
XRP Inflows Fuel Crypto Funds Recovery
According to the latest CoinShares report, global crypto funds recorded $224 million in inflows last week, a modest recovery from the late-March sentiment downturn, when investors pulled $414 million from the products amid worries about escalating tensions in the Iran conflict and the prospect of higher inflation.
James Butterfill, CoinShares Head of Research, explained that despite the improvement in sentiment, momentum reversed at the end of the week due to stronger macro data and hawkish expectations, leading to minor outflows.
“Stronger-than-expected retail sales data later in the week, alongside increasingly hawkish investor expectations and mixed geopolitical signals, led to minor outflows in the latter half of the week,” he wrote.
In an unusual shift, Switzerland led activity last week, bringing $151.5 million into crypto funds, followed by Germany’s $27.7 million inflows. The US ranked third, recording only $27.5 million in inflows last week, while Canada saw $11.2 million.
Moreover, funds based on XRP, the fifth-largest cryptocurrency by market capitalization, saw the largest inflows of any asset. Per CoinShares data, XRP products recorded $119.6 million in inflows, its largest positive net flows since mid-December.
This figure brought its Year-to-Date (YTD) inflows to $159 million, around 7% of the category’s Assets under Management (AuM). It’s worth noting that US-listed XRP exchange-traded funds (ETFs) registered their first red month since their November launch, with $31.1 million in outflows.
Despite the March setback, US XRP ETFs recorded positive net flows of $42.52 million in the first quarter of 2026, only behind Solana funds.
Bitcoin Shows Mixed Signals, Ethereum Lags
Global Bitcoin funds followed XRP and saw total inflows worth $107.3 million during the week, “improving on what has been a bad start to the month, [as] net outflows remain at US$145m for the month so far,” CoinShares added.
Notably, short Bitcoin investment products recorded $16 million in inflows during this period, their largest performance since mid-November, which signals polarized opinions on the asset.
Despite the muted US activity last week, US Bitcoin ETFs started this week with their largest single-day performance in over a month. According to SoSoValue data, the category saw $471.3 million in positive net flows on Monday, its highest inflows since February 25.
As reported by NewsBTC, US Bitcoin funds ended the first quarter of 2026 by breaking out of a four-month negative streak, pulling in $1.32 billion in March, its first monthly gain of 2026.
Following XRP and Bitcoin, Solana funds also saw inflows, totalling $34.9m last week. As CoinShares noted, the category’s steady inflows this year represent 10% of AuM.
In addition, the US-based Solana products ended March on a positive note, leading altcoin funds with inflows worth $45.44 million and $213.1 million in the monthly and quarterly timeframes, respectively.
Nonetheless, Ethereum tells a different story, as funds continue to lag behind other major crypto assets. According to the report, Ethereum products saw $52.8 million in outflows last week, extending its negative streak as investors digest recent negative developments.
Featured Image from Unsplash.com, Chart from TradingView.com
