Add ZyCrypto News On Google
Crypto institutional products recorded gains last week as investors expect macro tensions to cool. Top digital assets like Bitcoin (BTC), Solana (SOL), and XRP have flipped on-chain bear signals, suggesting a possible Q2 upturn.
XRP Takes The Lead Over Bitcoin
The once dominant institutional favorite is back in the spotlight after leading weekly inflows above top 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, gains were suppressed later on following mixed signals and shaky retail markets.
According to the data, total inflows stood at $224 million last week, taking AUM to $131.7 billion. This strong performance, despite uncertainty, is instrumental for industry players in need of a major boost heading into a new week.
XRP bagged $119.6 million, while Bitcoin and Solana saw $107.3 million and $34.9 million, respectively. Latest earnings wiped out XRP’s monthly losses, now just $500,000, and spring year-to-date gains to $159 million.
 
The altcoin is expected to remain steady and potentially recover lost ground, although experts still flag risks. Last week, several whales picked up huge assets, spiking prices. XRP exchanges hands at $1.35 per coin, a 4.3% surge in the last 24 hours.
Bitcoin bulls held on to previous gains with little inflows spread across the week, compared to bullish cycles. The crypto leader raised $107.3 million in institutional funds but still struggles with 30-day volume. While short-term numbers are improving, overall metrics are still under pressure.
BTC price is under focus for many analysts after massive sell-offs plunged the asset below the $70k mark. Negative movements in the last two quarters shrank the crypto market cap, impacting altcoins. Some assets lost nearly 50% of their gains as investors panicked.
“Unusually, the center of activity was in Switzerland, which led with US$157.5m of inflows, followed by Germany and Canada, which saw US$27.7m and US$11.2m respectively. The US was in 3rd place with only US$27.5m of inflows last week,” CoinShares added.
Meanwhile, Ethereum recorded another week of outflows, with nearly $53 million in exits, bringing monthly totals to $89 million and year-to-date losses to $327 million. The leading altcoin’s price is up 4% today due to a temporary pause in the US-Iran conflict.