XRP experienced a historic reversal with outflows of $37.2 million, the highest on record, despite digital assets seeing $3.3 billion in weekly inflows.
Inflows in digital asset investment products brought the cumulative six-week inflow streak to $10.5 billion, with year-to-date inflows reaching a record-breaking $10.8 billion.
Investors are diversifying towards digital assets due to US economic uncertainty, Moody's credit downgrade, and surging treasury yields.
Bitcoin led digital asset inflows with $2.9 billion, while Ethereum, Solana, and Sui also saw significant inflows. XRP faced outflows along with multi-asset products.