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Bitcoinist 2025-03-18 17:00:02

XRP, Cardano Command Inflows Amid Market Wide Selling – Here Are The Numbers

The entire crypto industry has had a recent few weeks of ugly price action and downtrend, a trend which has been reflected in crypto investment funds. Notably, digital asset funds have witnessed their worst outflow streak on record, as noted by the latest CoinShares weekly report on digital asset invesment funds. Interestingly, the report reveals insights into investor sentiment across different assets, with funds based on XRP and Cardano seemingly defying the trend. A Record-Breaking Five Weeks Of Outflows For Crypto Invesment Funds According to CoinShares , digital asset investment products have now endured five consecutive weeks of outflows coming to a total of $6.4 billion within this timeframe. This marks the worst outflow streak in history, with $1.7 billion exiting the funds just last week alone. The persistent negative sentiment has driven total assets under management (AuM) down by $48 billion since the beginning of this downturn. Bitcoin has been at the center of this selling pressure , seeing an additional $978 million in outflows from investment funds over the past week. This brings its total withdrawals over the five-week period to $5.4 billion, representing 80.5% of the total withdrawals. Interestingly, short Bitcoin positions also saw an exodus of $3.6 million last week, showing that sentiment is currently undecided despite the bearish trend. Ethereum was not spared from the downturn either, suffering $175 million in outflows. The second-largest cryptocurrency by market cap has struggled to gain investor confidence throughout this cycle. Solana, which on the other hand, has been able to gain investor confidence this cycle, also recorded $2.2 million in outflows from its investment funds last week. The outflows have been largely concentrated in the United States, which accounted for 93% of all exits last week, equating to $1.16 billion. Switzerland also experienced significant withdrawals amounting to $528 million, primarily due to the departure of a major seed investor. Meanwhile, Germany, Australia, Brazil, and Hong Kong deviated from the trend of outflows, recording modest inflows of $8 million, $1.6 million, $4,2 million, and $0.7 million, respectively. XRP And Cardano Defy Market Sentiment In a surprising turn of events, XRP and Cardano were the only major altcoins to attract inflows despite the broader bearish environment. XRP led the charge with an impressive $1.8 million in inflows, marking a stark contrast to the exits seen across other top digital assets. Cardano, though drawing a more modest figure, still saw a net inflow of $0.4 million, indicating resilience amid market-wide withdrawals. These inflows come as XRP reversed into a 15% uptrend last week while Cardano traded with indecisiveness. The report also highlighted the dire state of Binance’s investment products, which saw their AuM nearly wiped out. A significant seed investor exit left the exchange with just $15 million in assets under management. Blockchain equities also suffered during this period, recording a total outflow of $40 million last week.

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