Crypto inflows last week were modest at $6 million, as negative flows provoked by US economic indicators whitewashed significant gains made by mid-week.
Notwithstanding, the positive flows, though modest, suggest shifting sentiment in the market.
US Retail Sales Trigger $146 Million in Crypto Outflows
The latest CoinShares report indicates that crypto inflows came in at only $6 million last week, amid mixed investor sentiment. While the week started with minor inflows, stronger-than-expected US retail sales figures on Wednesday last week inspired outflows of $146 million.
“Digital asset investment products saw net inflows of US$6 million, with mid-week US retail data triggering US$146 million in outflows,” CoinShares’ head of research James Butterfill stated.
As it happened, US Retail Sales climbed in March on a jump in car purchases. Beyond adjusting for inflation, the value of retail purchases increased the most in over two years.
This economic indicator, which measures year-over-year consumer spending, also showed that households stepped up purchases of motor vehicles and a range of other goods. According to Reuters Business, the objective was to avoid higher prices from Trump tariffs.
“The US Commerce Department said retail sales increased 1.4% last month, up significantly from February’s 0.2% rise, the most in more than two years, as households stepped up purchases to avoid higher prices from President Trump’s tariffs,” read the report.
Against this backdrop, the US continued to see outflows, totaling $71 million last week. This effectively contravened what was seen in other markets, with Europe and Canada, among others, recording positive flows.
Meanwhile, Ethereum led the negative flows, recording nearly $27 million in outflows, followed by Bitcoin, which had $6 million in outflows.
Indeed, the data reflects mixed sentiment, with investors pivoting to altcoins such as XRP, Solana, and Cardano, the colloquial made in USA tokens.
XRP recording nearly $38 million in positive flows is unsurprising. Recent data shows increased network activity, nearing 70% towards the end of last week. As BeInCrypto reported, this was likely ascribed to hype over Coinbase launching XRP futures via its derivatives arm.
“XRP continues to break the mold with inflows of $37.7 million last week, making it the 3rd most successful this year with YTD inflows of $214 million,” Butterfill explained.
Institutions Treat Crypto as More Than Just a Risky Bet
Meanwhile, as Trump tariffs influence consumer spending, Wall Street appears to be stumbling harder than expected.
Nexo Dispatch editor Stella Zlatarev recently told BeInCrypto that Bitcoin’s relative steadiness and that of other blue-chip cryptos are signs that cryptocurrency may be entering a new market maturity phase.
“Bitcoin’s ability to weather macro turbulence without the wild swings of previous years suggests institutional investors are treating it less as a speculative punt and more as a strategic asset,” Zlatarev stated.
Instead, Bitcoin is emerging as a risk-dynamic asset that does not crumble like high-growth stocks but does not attract the same flight-to-safety flows as traditional safe havens.
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