CoinShares: $414M crypto investment products outflows as XRP rallies
CoinShares said crypto investment products turned negative last week, with $414M in outflows after five straight weeks of inflows. Risk sentiment weakened amid Iran-conflict worries, inflation concerns, and shifting June FOMC expectations.
The rotation was uneven. Ethereum led the selloff with $222M outflows, flipping its yearly performance to a net loss of $273M. Bitcoin also saw $194M outflows, but remains net positive for the year at $964M in inflows. Solana recorded $12.3M outflows, while Sui’s decline was smaller (-$0.4M). XRP was the bright spot with $15.8M net inflows, while Chainlink and Stellar edged higher.
Regionally, the U.S. drove most of the outflows ($445M). QCP Capital expects BTC to stay range-bound near $65,000–$70,000, with conviction still weak after quarterly options expiry selling pressure. Overall, crypto investment products data adds a cautious tone to near-term positioning.
Bearish
crypto investment products turned to net outflows ($414M), which typically signals reduced risk appetite and can pressure prices—especially for ETH, the worst performer with $222M of outflows. Although BTC outflows occurred, BTC’s still-positive year-to-date inflows and QCP’s expectation of a $65,000–$70,000 range suggest limited downside for BTC in the very near term. However, broad outflows plus cautious macro expectations (Iran/inflation/FOMC) keep overall market tone heavy, making traders more likely to fade rallies and stay defensive until the next macro catalyst.