The last week of March (23rd to 24th) was not good for the cryptocurrency investment product. According to CoinShares’ weekly report, digital asset funds recorded $414 million worth of debuts in five weeks.
It just has to do with investors’ emotions and price action.
Behind this change are increasing global tensions between the USA and Iran, high inflation and increasing expectations about the upcoming Fed meeting.
Due to all these developments from politics to economy, the total Assets Under Management (AuM) decreased to 129 billion dollars. Looking carefully, these levels were already reached in early February and April 2025, when volatility was high due to changing tariff policies.
Last week’s winners and losers
However, in this output, Ethereum (ETH) It was hit the hardest, recording an outflow of $222 million. This also caused year-to-date outflow to fall to $273 million.
This decline may be due to continued uncertainty around the CLARITY Act. Meanwhile, the price of ETH has also been volatile as it faced a decline of 2.48% last week.
Interestingly, Bitcoin (BTC) He stood strong, but there was still a margin of caution. The leading cryptocurrency recorded an outflow of $194 million last week.
However, when you look at year-to-date data, you see that its net inflow is strong at $964 million. This comes at a time when Bitcoin price is witnessing a weekly decline of 3.48%.
Needless to say, Solana (Sun) This one was no exception as it recorded an outflow of $12.3 million last week as its price dropped by 5.97%.
Interestingly, Ripple’s XRP was the only XRP to record inflows worth $15.8 million. However, its price fell by 4.68% last week, reflecting the general decline in the market.
Thus, while XRP was the winner in digital asset funds last week, ETH was the loser.
Are on-chain metrics positive?
This notion was also confirmed by Santiment’s active address metric; Bitcoin and Ethereum both saw a decline in the aforementioned metric by the end of March.
This suggests that only a few people are invested in the network compared to the high activity seen in early March.
Meanwhile, Solana’s Social Volume has also dropped, meaning fewer people are talking about the altcoin.
Finally, while XRP is the winner, network activity shows continued caution due to the sharp decline in active addresses in late March.
USA faces the most volatile week
Now, a maximum outflow of $454 million was seen from the USA, while an outflow of $4 million was seen from Switzerland. Canada and Germany saw inflows of $15.9 million and $21.2 million, respectively.
However, as we approach the end of March and March 30th is the first day of a new week, the market is starting to recover again. The total value of the crypto market is back in bullish hands and is trading at $2.34 trillion at the time of writing.
However, despite this increase, investors should not be deceived by short-term increases, because even last week, $ 635 million came just before the Fed meeting and created optimism in the market.
But as soon as the meeting reached its conclusion, 405 million dollars flowed out The market decline left investors in shock. Therefore, until things calm down on a global scale, short-term prices are not a clear sign for long-term market forecasts.
Final Summary
- The transition from entries to exits shows that there is a lot of FUD in the market and investors are positioning their bets cautiously.
- Bitcoin remains strong, but the fact that XRP is in the spotlight shows that investors are no longer just investing in Bitcoin.
