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Crypto institutional products posted gains last week as investors wait for macroeconomic tensions to cool. Major digital assets such as Bitcoin (BTC), Solana (SOL), and XRP have reversed bearish signals on-chain, suggesting a possible rally in the second quarter.
XRP takes the lead over Bitcoin
The once dominant institutional favorite is back in the spotlight after leading weekly inflows over major assets. A new CoinShares report shows a slight increase in total crypto assets under management (AUM) after weeks under fire.
The slight recovery was due to improved prospects for macroeconomic stability, especially in the Middle East. However, the gains were later suppressed following mixed signals and unstable retail markets.
According to the data, total inflows reached $224 million last week, bringing assets under management to $131.7 billion. This solid performance, despite the uncertainty, is essential for industry players who need a big boost heading into a new week.
XRP pocketed $119.6 million, while Bitcoin and Solana netted $107.3 million and $34.9 million, respectively. The latest gains erased XRP’s monthly losses, now just $500,000, and spring’s year-to-date gains stand at $159 million.
The altcoin is expected to remain stable and potentially regain lost ground, although experts still point out risks. Last week, several whales acquired huge assets, sending prices skyrocketing. XRP is trading at $1.35 per coin, up 4.3% in the last 24 hours.
Bitcoin bulls maintained previous gains with small inflows spread throughout the week, compared to bullish cycles. The crypto leader raised $107.3 million in institutional funding but still struggles with 30-day volume. While the short-term numbers are improving, the overall metrics are still under pressure.
BTC price is in the spotlight of many analysts after sell-offs sank the asset below the $70,000 mark. Negative movements in the last two quarters reduced the cryptocurrency market capitalization, which affected altcoins. Some assets lost almost 50% of their gains as investors panicked.
“Unusually, the center of activity was in Switzerland, which led the inflows with $157.5 million, followed by Germany and Canada, which received $27.7 million and $11.2 million respectively. The United States came in third place with just $27.5 million in admissions last week.” CoinShares added.
Meanwhile, Ethereum recorded another week of outflows, with nearly $53 million in outflows, bringing monthly totals to $89 million and year-to-date losses to $327 million. The price of the leading altcoin has risen by 4% today due to a temporary pause in the conflict between the United States and Iran.
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