$1.9B exodus and a flicker of hope hits crypto investment funds: CoinShares
Analysis
Price Impact
MedXrp investment products recorded significant inflows of $89.3 million last week, contrasting sharply with the wider market's heavy outflows. 'smart money' traders, tracked by nansen, are also accumulating leveraged long positions on xrp, indicating anticipation for short-term price appreciation.
Trustworthiness
HighData is provided by coinshares, a well-regarded crypto asset manager, for investment product flows, and nansen, a respected blockchain analytics platform, for 'smart money' movements.
Price Direction
BullishDespite a recent price dip, the notable inflows into xrp etps and the positioning of 'smart money' traders suggest a strong underlying demand and expectation for a short-term positive price movement for xrp, potentially decoupling from broader market sentiment.
Time Effect
ShortThe article highlights 'late-week inflows' and 'smart money' taking positions for 'short-term appreciation,' pointing to an immediate to near-term impact on xrp's price.
Original Article:
Article Content:
Zoltan Vardai 2 minutes ago $1.9B exodus and a flicker of hope hits crypto investment funds: CoinShares Crypto investment products neared $5 billion in outflows in the last four weeks, but late-week inflows show early signs of improving sentiment despite heavy selling, CoinShares reported. Listen 0:00 8 News COINTELEGRAPH IN YOUR SOCIAL FEED Cryptocurrency investment products nearly hit $5 billion in outflows over the past four weeks, but inflows during the final days of last week offered a small sign of improving sentiment. Crypto exchange-traded products (ETPs) saw $1.94 billion in outflows last week in a small decline from the $2 billion exodus the week before, according to a Monday research report from CoinShares. The four-week total now stands at $4.9 billion, marking the third-largest outflow run on record. Only the March tariff-driven sell-off and the February 2018 downturn were larger. Still, CoinShares noted “tentative signs of a turnaround,” citing $258 million in inflows during the last trading days of the week following seven straight days of redemptions. Weekly crypto asset flows, in USD, millions. Source: CoinShares Related: Pump.fun’s massive $436M cash-out turns heads as memecoin mania fades XRP funds buck the broader slump XRP ( XRP ) investment products were a rare bright spot. XRP exchange-traded products (ETPs) recorded $89.3 million in inflows last week, defying the broader downturn even as the token fell 6.9%. Solana ( SOL ) ETPs were also in the red with $156 million in outflows and SOL falling 3.5%, according to Cointelegraph data. XRP, SOL, 1-week chart. Source: Cointelegraph Bitcoin ( BTC ) saw the majority of outflows, at $1.27 billion, while Ether ( ETH ) funds followed with $589 million in weekly outflows. Related: BitMine sits on $3.7B loss as DAT ‘Hotel California’ meets BlackRock’s staked ETH ETF Meanwhile, the industry’s most successful traders, who are tracked as “smart money” traders on Nansen’s blockchain intelligence platform, are betting on the short-term appreciation of the XRP token. Smart money traders top perpetual futures positions on Hyperliquid. Source: Nansen Smart money traders added $10.4 million worth of cumulative leveraged long positions in the past 24 hours, as the cohort was net long with $74 million, according to Nansen . However, smart money was still betting on a further decline in Bitcoin, with $325 million in cumulative net short Bitcoin positions. Magazine: If the crypto bull run is ending… it’s time to buy a Ferrari — Crypto Kid # Bitcoin # Cryptocurrencies # Altcoins # Ethereum # Bitcoin Price # Investments # XRP # Tokens # DeFi # Trading # CoinShares # Cryptocurrency Investment # Ethereum ETF # Bitcoin ETF # ETF # Nansen Add reaction