XRP, HYPE, NEAR See Inflows Amidst $1.67B Weekly Crypto Fund Outflows
While crypto investment products bled $1.67 billion last week, XRP, HYPE, and NEAR bucked the trend with significant inflows. This narrow altcoin participation highlights institutional selectivity amidst a broader risk-off sentiment, driven by Bitcoin's massive $1.44 billion exit.
Institutions are dumping crypto, but a select few altcoins are defying the bloodbath. XRP snagged $20.3 million, HYPE raked in $10.8 million, and NEAR added $7.6 million. This isn't a broad altcoin rally; it's a laser-focused play on specific assets, a stark contrast to the collapsing breadth seen across the market.
Bitcoin is taking the biggest hit, shedding a staggering $1.44 billion in its worst weekly outflow of the year. This massive exit, coupled with Ethereum's $257 million bleed, signals a deep risk-off sentiment. Geopolitical jitters are clearly overwhelming any positive news, pushing assets under management to their lowest since early April.
The US is leading the charge out of crypto, accounting for $1.63 billion of the global exodus. Germany, Sweden, and Hong Kong are also joining the sell-off, indicating a widespread institutional retreat. The question now is whether XRP and HYPE can maintain their momentum or if they'll eventually succumb to the prevailing bearish tide.