XRP News Today: Crypto ETPs See $286 Million Inflows Despite Bitcoin Drop

Cryptocurrency investment products maintained their multi-week inflow streak last week, despite significant selling pressure stemming from Bitcoin’s drop to $103,000. Global crypto exchange-traded products (ETPs) recorded $286 million of inflows in the week ending May 30, bringing a seven-week run of inflows to $10.9 billion. This sustained inflow highlights the enduring interest and confidence in the crypto market, even amidst volatility.

However, the total assets under management (AUM) for these products decreased from an all-time high of $187 billion to $177 billion by the weekend. This reduction was attributed to market volatility, which was exacerbated by uncertainty surrounding US tariffs. Despite the inflows, the overall market sentiment remained cautious due to these external factors.

The inflows were particularly notable given that Bitcoin (BTC) experienced a significant drop, falling about 6% from $110,000 at the start of the week to an intraweek low of $103,400 by May 30. This price movement underscored the volatility in the crypto market, yet it did not deter investors from continuing to pour money into crypto ETPs.

Ether (ETH) ETPs were the standout performers, leading the week's inflows with a total of $321 million. This marked the strongest run for Ether ETPs since late December 2024, indicating a substantial improvement in investor sentiment towards the asset. The inflows into Ether ETPs reflected a growing optimism about the potential of Ethereum's ecosystem and its applications beyond just a cryptocurrency.

In contrast, Bitcoin ETPs saw $8 million in outflows, a reversal from previous weeks. This shift was influenced by a New York Court decision declaring US tariffs illegal, which added to the market's uncertainty and led to a temporary pullback in Bitcoin investments. The decision highlighted the regulatory risks that can impact the crypto market, even as overall inflows remained positive.

XRP investment products also faced challenges, posting the largest outflows of the week with a total of $28 million. This marked the second consecutive week of losses for XRP, further illustrating the varying fortunes of different cryptocurrencies within the broader market. The outflows for XRP could be attributed to specific concerns or developments related to the asset, though the exact reasons were not detailed in the report.

Overall, the week's inflows into crypto ETPs demonstrated the resilience of the crypto market, even in the face of significant volatility and regulatory uncertainties. The strong performance of Ether ETPs, in particular, suggested that investors are increasingly diversifying their portfolios and exploring opportunities beyond Bitcoin. As the market continues to evolve, it will be crucial for investors to stay informed about both the opportunities and the risks associated with different cryptocurrencies.