Digital asset investment products registered a cryptocurrency inflow of $ 224 million last week, with XRP taking most of the capital supply before macroeconomic headwinds reversed the momentum late in the period.

The increase was unevenly distributed among regions and assets. Switzerland accounted for the largest share of cryptocurrency inflow, while Ethereum (ETH) continued to lose capital as regulatory uncertainty surrounding the Clarity Act held investors back.

Switzerland leads, USA falls behind

In a rare shift, it was European investors who drove this week's cryptocurrency inflow. Switzerland topped all regions with $ 157.5 million in cryptocurrency inflow, according to CoinShares. Germany and Canada followed with $ 27.7 million and $ 11.2 million, respectively.

The U.S., which is usually the dominant source of digital asset fund transactions, took third place with only $27.5 million.

This marks a significant deviation from previous weeks where U.S.-based products led both inflows and outflows.

This geographical difference suggests that European investors are positioning themselves differently compared to their American counterparts, possibly reflecting different views on macroeconomic policy and regulatory developments.

XRP rises, Bitcoin mixed, Ethereum lags behind

At the asset level, XRP led all with $119.6 million in weekly crypto inflow, its strongest performance since mid-December 2025.

Inflows so far this year are now at $159 million, accounting for approximately 7% of managed capital.

The token has consistently attracted capital even during broader market downturns, a pattern that has persisted since spot XRP ETFs were launched in the U.S. late in 2025.

Bitcoin received $107.3 million in inflow, a modest improvement after a difficult start to April. However, net outflow for the month still stands at $145 million.

Sentiment remains divided. Short-Bitcoin products attracted $16 million last week, the highest level since mid-November 2025, signaling that bearish positioning is growing alongside cautious buying.

Solana attracted $34.9 million and continues a steady trend that now accounts for 10% of this year's total managed capital for Solana.

Ethereum remained the weakest link, with an outflow of $52.8 million. The ongoing deadlock in the Senate around the Digital Asset Market Clarity Act continues to burden ETH-related products.

The law, which was passed in the House of Representatives in mid-2025, has stalled due to disagreements between banks and the crypto industry regarding the yield on stablecoins.

Ethereum has the greatest exposure to the outcome of the law, given its central role in the debate around asset classification.

Macro pressures halt early momentum

This week's crypto inflow did not quite hold up until Friday. Stronger-than-expected U.S. retail sales figures, combined with increasingly hawkish investor expectations regarding the Federal Reserve's policy, triggered a correction towards the end of the week.

Minor outflows in the last trading sessions wiped out parts of the week's gains.

Various geopolitical signals contributed to increased uncertainty. With high oil prices and declining expectations for interest rate cuts, risk appetite among crypto investors remains fragile.

Whether XRP can maintain the momentum for crypto inflow under tighter macro conditions and regulatory stagnation depends on the next round of economic data and any developments around the Clarity Act in the Senate.