Digital asset fund flows | April 7th, 2026

Minor inflows last week, with XRP leading the positive sentiment

• Digital asset products saw US$224m inflows, but momentum reversed later in the week amid stronger macro data and hawkish expectations.

• Switzerland dominated flows (US$157.5m), with relatively muted activity in the US compared to Europe.

• XRP led inflows, while Ethereum lagged with continued outflows, while Bitcoin sentiment remained mixed.

Digital asset investment products saw a modest recovery in sentiment, with inflows of US$224m last week. However, stronger-than-expected retail sales data later in the week, alongside increasingly hawkish investor expectations and mixed geopolitical signals, led to minor outflows in the latter half of the week.

Unusually, the centre of activity was in Switzerland which led with US$157.5m of inflows, followed by Germany and Canada which saw US$27.7m and US$11.2m respectively. The US was in 3^rd place with only US$27.5m of inflows last week.

XRP saw the largest inflows of any asset, seeing US$119.6m of inflows, the largest since mid-December 2025, bringing its YTD inflows to US$159m (7% of AuM).

Bitcoin saw inflows totalling US$107.3m, improving on what has been a bad start to the month, net outflows remain at US$145m for the month so far. While opinion remains polarised with short-bitcoin investment products seeing US$16m of inflows last week, the largest since mid-November 2025.

Solana also saw inflows, totalling US$34.9m last week, with steading inflows this year representing 10% of AuM.  Ethereum remains the laggard, seeing US$52.8m in outflows last week as investors digest the negative news from the Clarity Act.