Source: CryptoNewsNet
Original Title: XRP, Solana funds buck trend as crypto ETPs shed $454M
Original Link:
Key Takeaways
Crypto exchange-traded products experienced $454 million in outflows last week.
The outflows nearly counteracted the $1.5 billion inflows recorded earlier in the year, marking a significant change in market sentiment.
Funds tied to XRP and Solana saw strong inflows last week despite a wave of outflows across crypto exchange-traded products, according to a new report from CoinShares.
Bitcoin led the weekly outflows totaling approximately $405 million, followed by Ethereum with $116 million, reversing much of the $1.5 billion in early-year inflows.
In contrast, XRP funds drew in $46 million, while Solana products attracted around $33 million. Sui and Chainlink also closed out the week with minor inflows.
Among providers, Grayscale and Fidelity accounted for the bulk of weekly redemptions, while iShares and ProFunds attracted inflows. Total assets under management stood at $182 billion as of January 9.
Divergence in investor sentiment was clear, as US funds recorded the biggest outflows while Germany, Canada, and Switzerland drew inflows.
Investor outflows from digital asset products last week reflect waning optimism over a March Fed rate cut following recent macro data, as noted by CoinShares analysts.
Markets are pricing in only a 27% chance of a Fed rate cut in March, per the FedWatch tool.
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Degen4Breakfast
· 01-15 16:10
XRP and SOL are vampires. The market crashes, selling off small coins, and these two are still accumulating... LOL
View OriginalReply0
not_your_keys
· 01-15 00:32
Are XRP and SOL still bottom-fishing? This move is quite interesting. While others are fearful, they are actually pouring money in... The Fed's rate cut dream is shattered, but the fact that these two can still attract funds shows that there is still faith remaining.
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Blockwatcher9000
· 01-13 18:51
XRP and SOL are dominating, while other coins are getting beaten down. This is the market... The expectations from the Fed side are completely shattered.
View OriginalReply0
HappyToBeDumped
· 01-12 16:53
XRP and SOL are still rising, while other coins are all dumping? The contrast is too outrageous.
View OriginalReply0
SchrodingerWallet
· 01-12 16:48
Hmm, this logic is quite interesting. The main market outflow is 454M, but XRP and Sol are actually receiving funds? Could it be that someone is bottom-fishing...
View OriginalReply0
LiquidationTherapist
· 01-12 16:35
XRP and SOL are bleeding against the trend, this is the real dark horse... While the market is bleeding, they are actually gaining, pretty impressive.
View OriginalReply0
FlashLoanLarry
· 01-12 16:28
XRP and SOL attract capital against the trend. Is this really a bottom-fishing move or just another round of retail investors getting caught? The Fed's rate cut expectations have cooled, US funds are fleeing, but our retail investors are still going all-in...
View OriginalReply0
AirdropHunterXiao
· 01-12 16:27
XRP and SOL are attracting capital against the trend; some people still see potential in this move... However, I still believe the core is with the Fed; once the rate cut expectations are shattered, the entire market will tremble.
XRP, Solana funds buck trend as crypto ETPs shed $454M
Source: CryptoNewsNet Original Title: XRP, Solana funds buck trend as crypto ETPs shed $454M Original Link:
Key Takeaways
Funds tied to XRP and Solana saw strong inflows last week despite a wave of outflows across crypto exchange-traded products, according to a new report from CoinShares.
Bitcoin led the weekly outflows totaling approximately $405 million, followed by Ethereum with $116 million, reversing much of the $1.5 billion in early-year inflows.
In contrast, XRP funds drew in $46 million, while Solana products attracted around $33 million. Sui and Chainlink also closed out the week with minor inflows.
Among providers, Grayscale and Fidelity accounted for the bulk of weekly redemptions, while iShares and ProFunds attracted inflows. Total assets under management stood at $182 billion as of January 9.
Divergence in investor sentiment was clear, as US funds recorded the biggest outflows while Germany, Canada, and Switzerland drew inflows.
Investor outflows from digital asset products last week reflect waning optimism over a March Fed rate cut following recent macro data, as noted by CoinShares analysts.
Markets are pricing in only a 27% chance of a Fed rate cut in March, per the FedWatch tool.