Digital asset investment products moved back into positive territory last week, albeit modestly. According to CoinShares’ latest weekly report, crypto funds recorded total inflows of $224 million. However, stronger-than-expected macroeconomic data and increasingly hawkish expectations later in the week caused this positive momentum to fade.
Throughout the week, robust U.S. retail sales data and the postponement of rate cut expectations were among the key factors weighing on investor appetite. At the same time, ongoing geopolitical uncertainty contributed to a more volatile market sentiment. As a result, part of the inflows seen earlier in the week was partially reversed in the latter days.
From a regional perspective, Europe stood out as the main driver of inflows. Switzerland led with a dominant $157.5 million, followed by Germany with $27.7 million and Canada with $11.2 million. The United States, by contrast, saw relatively muted activity, recording just $27.5 million in inflows. This suggests that European-based investors have recently shown stronger interest in digital assets.
XRP and Solana draw attention
On an asset level, XRP delivered the most notable performance of the week. It attracted $119.6 million in inflows, marking the strongest weekly figure since mid-December 2025. Year-to-date inflows into XRP have now reached $159 million, accounting for around 7% of total assets under management.
Bitcoin, meanwhile, presented a more mixed picture. While it saw $107.3 million in weekly inflows, it remains in net outflows of $145 million on a month-to-date basis. This indicates that investor sentiment toward Bitcoin remains divided. In addition, short-bitcoin investment products recorded $16 million in inflows, pointing to a growing expectation of downside risk among some market participants.
Solana was also among the assets that closed the week in positive territory. With $34.9 million in inflows, it continues to see steady demand throughout the year. This trend suggests that Solana is gaining a stronger position in investor portfolios, reflecting sustained interest in alternative layer-1 projects.
On the other hand, Ethereum continues to lag behind. The asset recorded $52.8 million in outflows last week, highlighting ongoing investor caution. Regulatory uncertainty in the U.S., particularly around the Clarity Act, remains a key factor putting pressure on Ethereum.
Overall, while digital asset funds showed signs of recovery, macroeconomic developments continue to play a decisive role in shaping market direction. Expectations around interest rates and shifts in global risk appetite are likely to remain key drivers of fund flows in the coming weeks.
