The latest weekly digital asset fund flow report from CoinShares paints a picture of shifting institutional preferences towards XRP, and Ethereum is no longer attracting the level of attention it once did. The report shows that Ethereum’s weekly inflows came in far behind other major assets, even as general sentiment in the crypto market improved. Meanwhile, XRP has climbed to the second highest entry position behind Bitcoin, and large investors are reallocate capital out of Ethereum and in funds linked to XRP.
Ethereum Flows Lose Momentum
Ethereum’s position in institutional wallets has weakened significantly in recent weeks. This was evident during a four-week period of outflows throughout November. Notably, a recent broader market rally pushed total digital asset inflows to $716 million last week, bringing the inflow to two consecutive weeks.
However, Ethereum has only captured a small share of this capital. The report shows that Ethereum saw only $39.1 million in weekly inflows, a moderate figure compared to large movements seen in other assets. This weak performance follows months of slowing demand and suggests that institutional conviction in Ethereum is fading.
Even the month-to-date figure fell short of expectations, coming in at $41.2 million, well below institutional figures for Bitcoin XRP and even Chainlink.
XRP sparks massive institutional demand
XRP ranked second largest recipient of the influx last week, pulling in $245 million, more than six times what Ethereum received. The increase builds on strong year-to-date activity, bringing total XRP inflows for 2025 to over $3.1 billion, well above the $608 million recorded in 2024.
The CoinShares report shows that XRP inflows are a sustained trend rather than a one-time spike. Entries in XRP-related products have jumped enormously since the introduction of Spot XRP ETFs in the United States. Interestingly, these ETFs have witnessed constant influx days since their launch.
These numbers indicate that institutions view XRP as a more attractive allocation than Ethereum at this point in the market cycle. The strong accumulation of XRP coincides with an improvement in confidence in the derivatives market, where Bitcoin-related products have also recovered.
Speaking of Bitcoin, the leading cryptocurrency remained the dominant magnet for capital flows, with $352 million flowing into its investment products last week. However, the most notable story lies in the sequence of entries right behind Bitcoin. Bitcoin continues to anchor wallets, but capital that would have traditionally flowed into Ethereum is now finding its way into XRP, alongside others new institutional favorites such as Chainlinkwhich recorded a record weekly inflow of $52.8 million, accounting for more than half of its year-to-date inflows.
Across the geographic distribution, inflows from the United States, Germany and Canada contributed significantly to this realignment. The United States received the largest amount of inflows last week, at $483 million. Funds based in Germany, Canada and Switzerland come in behind with $96.9 million, $80.7 million and $34.4 million, respectively.
Featured image created with Dall.E, chart from Tradingview.com
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