Institutions Have Different Plans for XRP While Avoiding Bitcoin: They Are Buying! - Koin Bulletin

Last week, there was an outflow of 795 million dollars in digital asset investment products, with Bitcoin (BTC) accounting for a large part of the outflows.

According to CoinShares data, digital asset investment products recorded outflows worth a total of 795 million dollars for the third consecutive week. This situation indicates that investors continue to adopt a cautious approach in the face of global economic uncertainties and trade wars. On the altcoin front, the situation remained complex. While major altcoins such as Ethereum (ETH), Solana (SOL), and Sui (SUI) experienced outflows, some altcoins led by Ripple (XRP) recorded inflows.

Major Exits from the USA and Switzerland

The largest outflows in digital asset investment products occurred from the US and Switzerland. Outflows amounted to 763 million dollars from the US and 11.9 million dollars from Switzerland. Additionally, there were outflows of 11.2 million dollars and 4.4 million dollars from significant markets such as Hong Kong and Germany, respectively. On the other hand, Canada became one of the rare regions attracting investor interest with an inflow of 2.1 million dollars.

Major Loss in Bitcoin

Bitcoin alone saw $751 million worth of outflows last week. However, year-to-date total inflows are still holding at $545 million. Ethereum, on the other hand, recorded an outflow of $37.6 million. Solana, $5.1 million; Sui, on the other hand, finished the week with an outflow of $0.58 million. Interestingly, there was also an outflow of $4.6 million from Short Bitcoin products.

Positive Divergence in Some Altcoins

XRP saw an inflow of 3.5 million dollars despite the negative sentiment in the market. Additionally, Ondo (ONDO) saw an inflow of 460 thousand dollars, Algorand (ALGO) and Avalanche (AVAX) each experienced an inflow of 250 thousand dollars, managing to attract investor interest even on a small scale. This picture indicates that investors are continuing their efforts to evaluate opportunities in the market.