Investment products linked to XRP experienced a significant jump in new money coming in, as investors moved funds away from larger cryptocurrencies like Bitcoin and Ethereum. Recent data from CoinShares shows that XRP-based products globally received $67.6 million in inflows last week, a 70% increase from the $39.6 million received the week before.
Initially, the data seemed to show Europe performing much better than the United States. However, this was partly due to U.S. investors becoming more cautious because of conflicts in the Middle East, leading to a large outflow of $1.1403 billion from the country.
Bitcoin lost $981.5 million, while Ethereum saw $249.3 million exit the market.
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US investors flee Bitcoin but drive a 70% surge in XRP
Despite recent market fluctuations, U.S. investors still believe in cryptocurrency. Data from SoSoValue reveals that the vast majority of the $67.6 million in global investment came from U.S. purchases of spot XRP ETFs, totaling $60.50 million.
European and other international Exchange Traded Products (ETPs) totaled just over $7.1 million. This represents an increase from $5.39 million the previous week, showing growing momentum in these markets.
European regions like Switzerland (up $22.8 million) and Germany (up $22 million) showed consistent interest in a variety of digital assets. However, US investors were more focused, heavily buying XRP as a way to protect their investments during the week.
CoinShares analyst James Butterfill notes that positive developments kept the altcoin market from a larger downturn. Specifically, progress on the CLARITY Act in the Senate Banking Committee boosted optimism about future regulations among investors.
The White House is working to get the bill passed by June 4th, and it seems likely if the Senate approves it.
Positive news about regulations helped U.S. investors briefly overlook concerns about the broader economy and instead start buying XRP, making it the best-performing cryptocurrency of the week.
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2026-05-18 18:35