XRP-focused investment products led weekly inflows into global crypto funds, while Ethereum posted another week of outflows, according to CoinShares Head of Research James Butterfill.
The latest data showed that digital asset investment products brought in $224 million for the week ending April 3, reversing part of the $414 million in outflows recorded a week earlier.
Butterfill said the week started on a firmer note but lost pace later as macro conditions shifted.
“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.” James wrote in a Tuesday report.
That backdrop left overall weekly flows positive, but it also showed that sentiment remained sensitive to economic data and policy expectations.
XRP leads weekly fund flows
XRP products posted $119.6 million in net inflows during the week, the largest weekly total for the asset since mid-December 2025, according to CoinShares.
That figure made XRP the top-performing digital asset in the latest weekly fund flow report and pushed its year-to-date inflows to $159 million. CoinShares highlighted that total now represents about seven percent of XRP’s assets under management.
The strong weekly showing placed XRP ahead of Bitcoin, Solana, and other major digital assets in fund allocation terms. The result also stood out because the broader market remained mixed through the same period.
While investors added capital to XRP-based products, other parts of the market showed weaker conviction, especially where macro data drove a more cautious tone later in the week.
Recent market data around XRP also pointed to a split between spot demand and futures positioning.
CryptoQuant analyst Amr Taha noted that Binance spot cumulative volume delta rose to about $520.2 million, while perpetual cumulative volume delta stayed negative near -$261 million.
That setup suggested buyers still supported XRP in the spot market even as leveraged traders stayed more defensive.
Separately, Arab Chain reported that whale inflows to Binance fell to about 12.6 million XRP per day, while the 30-day cumulative flow dropped to around 1.44 billion XRP.
The report said that marked one of the lowest levels seen since the start of 2026 and pointed to lower short-term selling activity from large holders.
Bitcoin sees inflows as views stay divided
Bitcoin-based investment products recorded $107.3 million in net inflows for the week, according to CoinShares. That gave Bitcoin another positive weekly figure, but the monthly picture remained weaker.
Butterfill said Bitcoin products still show net outflows of $145 million for the month so far, which showed that investor demand has not fully stabilized.
At the same time, short-Bitcoin products brought in $16 million, their largest inflow since mid-November 2025. CoinShares said that pattern reflected divided market positioning. Some investors kept allocating capital to long Bitcoin products, while others continued to bet on downside or hedge against renewed weakness.
The CoinShares figures arrived alongside a strong start to the week for U.S. spot Bitcoin ETFs. On Monday, spot Bitcoin ETFs posted $471.3 million in net inflows, the highest single-day total since February 25. BlackRock’s IBIT led with $181.9 million, while Fidelity’s FBTC followed with $147.3 million.
Those ETF numbers showed that demand for Bitcoin investment exposure remained active in the United States even though weekly regional flow totals still favored Europe.
The split suggested that fund activity depended not only on asset preference but also on product type and market timing. Bitcoin drew fresh capital overall, but the rise in short-Bitcoin flows showed that many traders still expected uneven price action.
Ethereum remains under pressure
Ethereum investment products posted $52.8 million in net outflows last week, making Ether the weakest major asset in the CoinShares report.
While XRP and Bitcoin attracted capital, Ethereum moved in the opposite direction as investors reduced exposure. Butterfill said investors were still processing negative developments tied to the Clarity Act.
That left Ethereum as the clear laggard among major digital assets in the weekly flow data. Solana, by contrast, posted $34.9 million in inflows during the same period.
Moreover, Solana’s steady inflows this year now account for 10 percent of its assets under management, showing a firmer pace of demand than Ethereum has seen in recent weeks.
Ethereum’s market structure also remained watched. The asset held above the $2,000 level, but it still traded well below the highs seen last summer.
Ali Martinez pointed to $1,800 as a key support level for Ether, describing it as the “line in the sand” in an ascending triangle structure.
He said a hold above that area could open the way for a move toward $4,900, though for now the CoinShares data showed that investor flows still favored other assets.
Europe leads regional activity
According to CoinShares, Switzerland led all regions with $157.5 million in net inflows during the week. Germany followed with $27.7 million, while Canada posted $11.2 million.
The U.S. ranked third with $27.5 million in inflows, showing a quieter week in regional fund activity compared with Europe.
That regional split stood out because the U.S. often leads digital asset fund flows. In this case, however, European markets drove most of the weekly total.
Switzerland alone accounted for the largest share of the reported inflows, far ahead of other jurisdictions in the CoinShares report.
The shift in regional leadership also matched the broader tone of the week. Investors added money to digital asset products, but the pace remained moderate and changed as macro data came in.
Europe recorded the strongest fund activity, XRP led by asset, and Ethereum remained the main source of weakness among top crypto investment products.