CoinShares’ report for the week ending May 1, 2026, recorded a dramatic cooling of interest in XRP funds. However, behind the dry numbers lies an important signal: even with a critical decline in volumes, Western markets continue to keep the asset in the green zone.
The key figure of the week is $3 million in net inflows into global XRP-based ETPs, compared to $25 million the previous week, marking a significant 88% drop.
Despite the status of a monthly anti-record, XRP demonstrated greater resilience than Ethereum, which faced net outflows of $81.6 million. At a time when the number of assets with positive dynamics dropped from nine to four, XRP remained among the few that retained institutional loyalty.
Decoding the $737 million surge and German dip-buying support
XRP’s ability to stay in the green was driven by the specific geography of demand. Germany contributed $43.8 million in total inflows, with European capital acting as a stabilizer during the week. While other regions moved into risk-off mode, German investors provided consistent dip-buying support.
The United States recorded $47.5 million in total inflows, but the American market nearly closed in negative territory due to four consecutive days of outflows. Only a record $737 million inflow on Friday across the broader market pushed XRP and Bitcoin back into positive territory.
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CoinShares analyst James Butterfill noted that the market passed through a “narrow bottleneck,” with $619 million withdrawn from crypto products between Monday and Thursday. The fact that XRP still managed to post inflows, even a modest $3 million, indicates the presence of a core group of investors unwilling to exit their coin exposure despite the decline in volatility.
XRP is experiencing a temporary liquidity drought. However, maintaining its green status despite an 88% drop in inflows confirms that institutional support in the United States and Germany is not a one-off spike but a sustained foundation.
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