Global crypto investment products bounced from the late-March sentiment downturn, with XRP funds and European investors stealing the spotlight from Bitcoin and US markets.

XRP Inflows Fuel Crypto Funds Recovery

According to the latest CoinShares report, global crypto funds recorded $224 million in inflows last week, a modest recovery from the late-March sentiment downturn, when investors pulled $414 million from the products amid worries about escalating tensions in the Iran conflict and the prospect of higher inflation.

James Butterfill, CoinShares Head of Research, explained that despite the improvement in sentiment, momentum reversed at the end of the week due to stronger macro data and hawkish expectations, leading to minor…