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XRP funds up despite crypto ETPs posting $446 million in weekly outflows: CoinShares
The crypto market is bleeding, and the herd is panicking. According to the latest data from CoinShares, digital asset investment products just suffered a brutal $446 million in weekly outflows.That's the kind of number that should send shivers down the spine of any altcoin bagholder. The narrative is clear: the weak hands are folding, the tourists are heading for the exits, and the speculative froth that has propped up countless 'Ethereum killers' and meme coins is evaporating.This isn't a minor correction; it's a flight to quality, or more accurately, a flight to the only quality that matters in this spaceâBitcoin. While the broader ETP landscape paints a picture of capitulation, there are two stubborn, almost laughable, outliers: XRP and Solana funds managed to scrape together inflows of $70 million and $7.5 million respectively. Let's be brutally honest here.This isn't a sign of strength; it's a testament to the power of delusion and targeted, desperate speculation. XRP, a digital asset forever entangled in a legal purgatory with the U.S. Securities and Exchange Commission, attracting capital? It's the ultimate contrarian bet, a gamble by those who believe the long-running lawsuit will somehow conclude with a victory so decisive it will rewrite the regulatory playbook.Meanwhile, Solana's meager haul feels like the last gasp of a narrative that has been repeatedly punctured by network outages and the stark reality of its centralization. These inflows are a rounding error in the face of the half-billion-dollar exodus, mere noise against the signal of Bitcoin's enduring dominance.The real story isn't in these pathetic green shoots; it's in the red sea washing over everything else. This weekly outflow is a stark reminder of crypto's harsh, cyclical nature.When macro conditions tighten, when regulatory claws unsheathe, and when the easy money dries up, the entire altcoin complex reveals itself for what it often is: a house of cards built on promises and hype. Investors aren't just selling; they're making a conscious choice.They're pulling capital from the risky, complex, and unproven experiments and, whether they're parking it in cash or rotating, they are implicitly acknowledging the unique position of Bitcoin as the foundational, sovereign asset in this ecosystem. This isn't 2017 or 2021, where a rising tide lifted all boats in a delirious, leverage-fueled frenzy.This is a moment of maturity, or at least forced sobriety. The consequences are profound.
#XRP
#Solana
#crypto funds
#ETP outflows
#CoinShares
#weekly flows
#altcoin performance
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