Ah, the world of crypto never sleeps, does it? In the latest twist of the digital finance saga, trading activity has taken a bit of a nap. Yep, turnover has nosedived as uncertainty and cautious vibes sweep through the market like a chilly breeze.
Last week, investors yanked a whopping $508 million out of digital asset investment products, bringing the two-week cash exodus to a staggering $924 million. This sudden U-turn comes hot on the heels of an 18-week cash party that saw inflows of $29 billion. The mood swing? Blame it on some post-presidential inauguration jitters in the U.S., with trade tariff talks, inflation worries, and monetary policy debates giving investors a few gray hairs.
Trading activity didn’t just slow down; it practically hit the brakes, with turnover diving from $22 billion to a mere $13 billion over the past couple of weeks.
Diving into the latest scoop from CoinShares, Bitcoin was bleeding cash, with outflows hitting $571 million. It seems like Bitcoin is still the belle of the ball, albeit with a few party poopers betting against it, as short-Bitcoin products roped in $2.8 million in fresh funds.
But wait! There's a silver lining for altcoin aficionados. XRP was the darling of the week, pulling in a cool $38.3 million in inflows. Since mid-November 2025, XRP has been on a roll, amassing $819 million, fueled by optimism over a potential win in its case with the U.S. Securities and Exchange Commission (SEC).
Speaking of the SEC, there’s been a flurry of applications for spot XRP ETFs. Heavyweights like Canary Capital, WisdomTree, Bitwise, CoinShares, and 21Shares are all in the game, hoping to ride the growing wave of demand for XRP-based exchange-traded products.
Meanwhile, Solana was strutting its stuff with $8.9 million in inflows, while Ethereum and Sui pocketed $3.7 million and $1.47 million, respectively. Multi-asset products weren’t left out, attracting $3.1 million, and Litecoin and Cardano ended their week with a humble $1.1 million and $0.1 million.
Across the pond in the U.S., the outflow floodgates opened, with $560 million making a swift exit. Hong Kong and Brazil echoed this trend, each seeing around $3 million flow out. Canada wasn’t left unscathed, either, with $2 million slipping away.
But don’t wave goodbye to optimism just yet! Europe is holding the fort with some steady inflows. Germany and Switzerland were the stars, raking in $30.5 million and $15.8 million, respectively. Sweden and Australia weren’t far behind, each attracting close to $5 million in fresh funds.
As the crypto world turns, it’s clear that the only constant is change. Stay tuned for the next episode in this thrilling financial drama!
