XRP snaps outflow streak as crypto funds log $1.2B ahead of FOMC decision

$XRP-linked investment products swung back to inflows last week after shedding $56 million the week prior, as digital asset funds extended their winning streak for a fourth consecutive week.

According to CoinShares’ new report, Bitcoin led $1.2 billion in crypto fund inflows as institutional demand strengthened ahead of the upcoming FOMC meeting, where the Fed is expected to provide guidance on interest rate policy.

Bitcoin captured the bulk, attracting $933 million in a single week and bringing its year-to-date total to $4 billion. The asset was trading above $76,000 during the reporting period, its strongest showing since the correction that rattled markets in late February.

Ethereum pulled in $192 million, its third consecutive week above $190 million, while Solana and $XRP collectively attracted around $47 million.

Regionally, the US accounted for roughly $1.1 billion of the total. Germany more than doubled its prior week’s contribution of $61.7 million. Switzerland, which had pulled in $138 million the week before, reversed course and added $35.2 million. Canada chipped in $15 million.

Blockchain equity ETFs, which hold shares of companies building on or around blockchain technology rather than the tokens themselves, recorded $617 million in inflows over three weeks, reaching record highs and reflecting surging investor interest.

The next major catalyst is the Fed meeting on April 28–29. With no rate move expected, Powell’s tone could either reinforce risk appetite or introduce downside risks.

Bitcoin slid below $77,000 after climbing past $79,000 yesterday, as the total crypto market value fell to $2.6 trillion, per CoinGecko.