Last week, XRP was one of only five cryptocurrencies to see new money coming in, gaining $20.3 million. Overall, however, crypto investments experienced a third consecutive week of losses, with $1.67 billion withdrawn.
Data indicates a significant drop in activity for altcoins, with participation now limited to just five, compared to eleven three weeks prior. Bitcoin experienced its largest weekly decrease of the year, losing $1.44 billion.
XRP and Two Altcoins Defy the Outflow Wave
While most institutional investors were selling, a few assets saw inflows of capital. XRP led the way with $20.3 million, followed by HYPE, which received $10.8 million after being ranked among the top ten on Hyperliquid. NEAR Protocol (NEAR) also saw an increase, adding $7.6 million.
Only five digital assets posted inflows above $1 million, down from nine the prior week.
The limited scope of recent buying suggests that large investors are choosing specific cryptocurrencies instead of broadly investing in alternative coins.
XRP’s reading extends the XRP ETF monthly inflows run recorded across May.
Bitcoin Drives Record Outflows as Risk-Off Deepens
Bitcoin experienced a significant outflow of $1.44 billion this week, exceeding previous weekly losses and even the high point reached in January. This continues a trend of money leaving Bitcoin ETFs. So far this year, total inflows into Bitcoin have fallen to $1.2 billion, a considerable drop from the $3.9 billion seen just two weeks prior.
According to a recent report, CoinShares strategist James Butterfill notes that the current market downturn is similar to what happened in January and February, when prices fell for five weeks in a row.
Assets under management (AuM) have decreased to $141 billion, down from $148 billion the previous week. This is the lowest level seen since early April. The report notes this trend is similar to what happened in January and February, which saw five weeks of consecutive declines.
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Ethereum (ETH) products shed $257 million, deepening recent Ethereum ETF outflow pressure.
US Leads Regional Sell-Off, Europe Joins In
The United States saw $1.63 billion in investment outflows globally. Germany also experienced outflows of $25.7 million, a shift after remaining stable in previous instances. Sweden and Hong Kong recorded smaller outflows of $6.6 million and $4.5 million, respectively.
Assets under management slipped to $141 billion from $148 billion.
At the time of writing, Bitcoin was trading around $72,545, a decrease of 1.73% over the last 24 hours. Over the past week, its value has dropped by 6.35%, according to data from BeInCrypto.
Altcoin variety is currently at a three-week low. The next weekly report will reveal if XRP and Hyperliquid can maintain their current value, or if they will also decline like other cryptocurrencies facing increased risk.
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2026-06-01 17:01