XRP, Solana and Cardano Record Inflows Despite Bitcoin, Ethereum Seeing $1.44B Outflows

XRP, Solana, and Cardano buck the trend as investment products tied to Ethereum, Bitcoin record $1.44 billion in weekly ￰0￱ to the latest CoinShares report, this marked the largest weekly outflow since ￰1￱ the downturn, ETP trading volumes surged to $38 billion, about 50% above this year’s ￰2￱ reflects heightened investor activity amid shifting ￰3￱ policy ￰4￱ Faces Heavy OutflowsSpecifically, investment products tied to Bitcoin led the market downturn, with $1 billion in outflows last ￰5￱ caution was amplified early in the week when fears about the Federal Reserve’s rate stance triggered withdrawals totaling $2 ￰6￱ sentiment later improved, Bitcoin still ended the week deep in negative territory.

Year-to-date, Bitcoin inflows represent just 11% of assets under management (AUM). Ethereum Shows Stronger ResilienceMeanwhile, Ethereum stood out with a sharper mid-week recovery, limiting its weekly outflows to $440 ￰7￱ is fast emerging as the preferred institutional play, with $2.5 billion in inflows month-to-date, compared to Bitcoin’s $1 billion in net outflows. Ethereum’s year-to-date inflows now account for 26% of total AUM. XRP, Solana Record InflowsOutside the two market leaders, altcoins saw uneven demand.

XRP-based investments attracted $25 million inflows for the week, bringing the month-to-date inflow to $173 ￰8￱ year-to-date inflow rose to $1.26 billion, with assets under management at $2.75 ￰9￱ investments also performed well, with $12 million in inflows last week. Month-to-date, Solana has attracted $211 million, with year-to-date inflows totaling $1.06 billion. Solana-based products now have an AUM of around $2.9 billion. Cronos-based products saw $4.4 million in weekly inflows, bringing the year-to-date figure to $62 million and AUM to $92 ￰10￱ crypto asset investments that recorded inflows last week included Cardano, Chainlink, and ￰11￱ the other hand, Sui (-$12.9 million) and Toncoin (-$1.5 million) experienced outflows.

Nevertheless, Sui’s year-to-date inflow remains strong at $121 million, with an AUM of $322 ￰12￱ Policy Shifts Drive Market VolatilityThe week’s outflows and late recovery were closely tied to ￰13￱ ￰14￱ pessimism surrounding the Federal Reserve’s stance drove heavy selling. However, Fed Chair Jerome Powell’s Jackson Hole address sparked renewed inflows of $594 million toward the end of the ￰15￱ Flow BreakdownRegionally, the United States recorded the largest outflow for the week, with over $1.3 billion in ￰16￱ followed distantly with $135.5 million in outflows, while Switzerland saw $11.8 million ￰17￱ regions, including Australia, Brazil, Canada, Hong Kong, and Germany, recorded positive flows for the week.