Crypto ETPs just staged a massive comeback
Crypto ETPs just staged a massive comeback. A full $1.07 billion rushed into these products. This spectacular surge happened in only one week. It broke a painful four-week streak of heavy withdrawals. Those earlier outflows had totaled $5.5 billion. Money is suddenly flowing back into the market. This shift is a surprise during high monetary uncertainty. Markets are closely watching signals from the Federal Reserve.
Massive withdrawals finally stopped fast. Crypto ETPs bounced back with $1.07 billion in net inflows. This change links to a fresh sense of hope. Investors think US interest rates might drop soon. Bitcoin led the way with $464 million in weekly inflows.
Ether followed closely at $309 million. The real shock was XRP. It hit an all-time high of $289 million. The US was the main source of cash. Nearly $1 billion flowed in from that region alone. This happened despite slow trading during Thanksgiving week.
Capital is flooding back into crypto ETPs. The market recorded $5.5 billion in losses over four weeks. Then came the major turn. Net inflows hit $1.07 billion for the week ending November 29. This data comes from the latest CoinShares report. This is the first positive week since late October. Investors see this as a potential turning point.
CoinShares head of research, James Butterfill, offered insight. He noted comments from FOMC member John Williams. Williams stated current policy remains restrictive. This comment sparked fresh hopes for a rate cut this month.
The weekly flows broke down clearly by asset. Bitcoin grabbed $464 million. That was the largest share of net inflows. Ether followed with $309 million. Its monthly trend still looks rough. XRP brought in $289 million. This was its best week ever for ETPs.
While the weekly numbers are great, monthly trends stay mixed. Bitcoin still lost $2.8 billion for the full month. Ether outflows totaled $1.4 billion. XRP stands completely apart. It gained nearly $790 million for the month. This shows its movement is separate from BTC and ETH.
The XRP rally is not just a quick boost. Its flow boost has a specific structural cause. A new XRP ETP recently launched in the United States. Canary Capital launched its XRP ETF in mid-November. This product quickly drove huge interest in XRP. Investors are now hunting for chances outside of just BTC and ETH.
CoinShares confirmed the impact. That $289 million weekly inflow is an all-time record for XRP ETPs. Inflows centered heavily in the US market. Almost $1 billion flowed into the region. Volume was light due to the long Thanksgiving weekend holiday.
Fidelity led all issuers with $230 million in inflows. Volatility Shares Trust added $160 million. BlackRock’s iShares brought in $120 million. Institutional money is active but selective in high-profile products. The ETP market is starting to recover after a tough month. Signals from the central bank are positive. Institutional interest is growing. If this trend continues, it marks a real shift. Capital may move toward regulated crypto assets.