Digital Asset Investment Products Draw $224 Million, With XRP Leading Inflows

Digital asset investment products recorded net inflows of $224 million last week, signaling a modest recovery in investor sentiment.

CoinShares said in a report released July 7 that global digital asset investment products attracted a total of $224 million in net inflows over the past week. Still, some outflows emerged later in the week as stronger-than-expected retail sales data and hawkish monetary policy expectations weighed on flows.

By region, Switzerland led with $157.5 million in net inflows. Germany and Canada followed with $27.7 million and $11.2 million, respectively. The US posted $27.5 million in inflows, a more limited showing than Europe.

By asset, XRP led demand with $119.6 million in net inflows. That marked the largest inflow since mid-December last year and brought year-to-date net inflows to $159 million.

Bitcoin posted $107.3 million in net inflows, recovering partly from a weak start to the month. Even so, it remained in a net outflow position of $145 million for the month to date. Short-Bitcoin investment products also drew $16 million, indicating investor sentiment remained divided.

Solana recorded $34.9 million in net inflows and, after steady inflows this year, now accounts for about 10% of assets under management. Ethereum, by contrast, saw $52.8 million in net outflows, the weakest performance among major assets. CoinShares attributed the weakness to negative news related to the Clarity Act, a bill tied to digital-asset market structure.

CoinShares said digital asset investment products broadly showed improving sentiment last week, though some outflows appeared late in the week as macroeconomic data and changing monetary policy expectations affected flows.