XRP investment products witnessed $700K inflows.
The market remains in an “apathetic” state, with digital asset funds experiencing outflows totaling $59 million last week, bringing the total outflows in this streak to $294 million. This represented 0.9% of total assets under management .
Bitcoin took the hardest hit, recording $69 million in outflows in last week. On the other hand, short-Bitcoin investments experienced their most significant weekly influx since March 2023, amounting to $15 million. CoinShares pointed out that this timing aligns with the increased regulatory uncertainty seen in March when similar inflows occurred.
Meanwhile, blockchain equities also witnessed outflows of $10.8 million, marking the fifth consecutive week of outflows in this sector.that interest in altcoins may have diminished significantly in recent weeks as high-profile investors pulled cash out of funds.
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