Summary
- Digital asset investment products recorded net inflows of $224 million last week, with about 70%% of that total, or $157 million, coming from Switzerland.
- By asset, XRP drew about $120 million, accounting for more than half of the total.
- The inflows were driven mainly by overseas exchange-traded products (ETPs), including those in Europe, while the five US-listed spot XRP exchange-traded funds (ETFs) and US spot Bitcoin ETFs saw only limited inflows.
Forecast Trend Report by Period
Digital asset investment products posted net inflows of $224 million last week, with about 70% of the total coming from Switzerland. The inflows were concentrated in specific regions and assets.
CoinDesk reported on April 7 that Switzerland accounted for $157 million of the total. Germany and the US recorded inflows of $28 million each, while Canada saw $11 million.
By asset, XRP drew the biggest share of inflows. The token attracted about $120 million last week, accounting for more than half of the total.
Most of the inflows went into exchange-traded products, or ETPs, listed outside the US, including in Europe. By contrast, the five US-listed spot XRP exchange-traded funds, or ETFs, have seen little to no daily inflows over the past two weeks.
Bitcoin ETPs drew $107 million over the same period, but US spot Bitcoin ETFs took in just $22 million. The market sees the main inflows as coming from Europe rather than the US.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
