Digital-asset investment products saw heavy outflows last week, led by Bitcoin, Ethereum and Solana, even as spot prices rebounded on rising expectations of a U.S. Federal Reserve rate cut in December. XRP-linked products were a notable exception, recording net inflows amid broader risk aversion.
Fund Flows: BTC, ETH and SOL Lead Outflows as XRP Attracts Inflows
According to a weekly report from CoinShares, crypto investment funds posted total net outflows of $1.94 billion last week. The breakdown shows pronounced de-risking from the largest vehicles:
- Bitcoin: $1.27 billion in outflows
- Ethereum: $589 million in outflows
- Solana: $156 million in outflows
- XRP: $89.3 million in inflows
XRP was among the few major altcoins to register net inflows, contrasting with broad withdrawals across digital-asset products. CoinShares tracks flows into exchange-traded products and other institutional vehicles, which can reflect shifting sentiment among professional and retail investors.
Prices Rebound on Rate-Cut Bets
Crypto prices recovered into Friday alongside a broader risk-on move driven by growing confidence in a December Fed rate cut. Odds for a cut rose from roughly 40% last week to about 82%, according to prediction markets and interest-rate futures data cited from Polymarket and CME FedWatch.
Bitcoin reclaimed key levels after last week’s sharp sell-off, trading back above $87,700 and briefly pushing above $90,000 nearly a week after dipping to around $81,000. Ethereum rebounded from support near $2,749, while XRP recovered above $2.08 after defending the $1.96 area. Over the past 24 hours, Ethereum rose about 0.70%, XRP added 0.40%, and Solana gained 0.80%, with USDC little changed around 0.03%.
Large-cap altcoins often respond quickly to improving liquidity conditions and a softer U.S. dollar. While narratives around potential future ETF developments and policy clarity continue to shape medium-term expectations for XRP, near-term moves appear closely tied to macro signals and overall risk sentiment.
Technical Picture and Key Levels
On a technical basis, Ethereum’s relative strength index (RSI) is rebounding from oversold territory, indicating early signs of seller exhaustion and the potential for stabilization. For ETH, a failure to hold recent gains could invite another test of nearby support zones, while sustained momentum would improve the short-term bias.
Bitcoin, Ethereum and XRP are attempting to base around recently reclaimed levels after recovering roughly 5%, 7% and 6% so far this week, respectively. Analysts also note Bitcoin is holding key Fibonacci support areas following last week’s decline, a development that could help underpin broader market tone if maintained.
What to Watch
- Macro catalysts: Evolving Fed rate expectations and upcoming U.S. inflation prints remain central to risk appetite across crypto.
- Flows and liquidity: Whether outflows from Bitcoin and Ethereum products abate—and if XRP’s inflow trend persists—will help gauge institutional positioning.
- Derivatives and volatility: Monthly options expiry and changes in leverage may influence short-term price swings.
With sentiment still fragile after the recent drawdown, the continuation of this week’s recovery likely hinges on a combination of institutional and retail demand, improving liquidity, and steadier macro conditions.