XRP Gobbles Up $120M While Ethereum Bleeds—Because Switzerland Apparently Runs Crypto Now

Digital asset investment products saw $224 million in inflows last week, with XRP hogging the lion's share before macro headwinds spoiled the party by Friday. The vibes were immaculate for roughly four days, then the macro gods remembered they hate fun.

Switzerland stole the show in a rare twist, leading all regions with $157.5 million in inflows. Germany and Canada followed with $27.7 million and $11.2 million respectively. The US—normally the big dog—came in third with just $27.5 million, a notable departure from weeks when American products dominated both inflows and outflows. Somewhere in Washington, politicians are furiously googling "how to become a financial hub" while eating fondue.

XRP dominated the asset rankings with $119.6 million in weekly inflows, its strongest performance since mid-December 2025. Year-to-date inflows now sit at $159 million, roughly 7% of assets under management. The token has kept attracting capital even during broader drawdowns, a pattern that stuck around since spot XRP ETFs launched in the US in late 2025. Meanwhile, XRP holders are finally winning an argument at a dinner party.

Bitcoin pulled in $107.3 million, a modest bounce after a rough early April. But the month still shows net outflows of $145 million. Short-bitcoin products drew $16 million—the highest since mid-November 2025—showing bearish positioning is growing alongside cautious buying. Solana added $34.9 million, continuing a steady trend that now represents 10% of its total AuM for the year. The bears are stacking sats in the short-Bitcoin ETFs like it's 2019 again.

Ethereum remained the odd one out, bleeding $52.8 million. The ongoing Senate stalemate over the Digital Asset Market Clarity Act keeps weighing on ETH-related products. The bill passed the House in mid-2025 but stalled over disagreements between banks and the crypto industry on stablecoin yield provisions. Ethereum has the most exposure given its central role in asset classification debates. ETH bags are looking heavier than a bagholder's soul.

The week's inflows didn't stick. Stronger-than-expected US retail sales data and increasingly hawkish Fed expectations triggered a late-week reversal. Minor outflows in the final sessions erased part of the gains. With crude oil prices elevated and rate-cut expectations fading, risk appetite across crypto products stays fragile. The Fed said "no cuts" and the market collectively decided to touch grass instead.

XRP's ability to maintain momentum amid tightening macro conditions and regulatory stagnation depends on the next set of economic data and any movement on the Clarity Act in the Senate. The token is basically holding its breath until Washington remembers crypto exists again.