Cryptocurrency investment products attracted $2 billion in new inflows last week, according to the European investment firm CoinShares.

Global crypto exchange-traded products (ETPs) have added $5.5 billion in inflows in the past three weeks, according to the latest weekly report from CoinShares.

With the new inflows, total assets under management (AUM) in all crypto ETPs worldwide jumped 3.3% from $151 billion to $156 billion.

Although the positive trend has continued for the past three weeks, the latest weekly inflows were down 41% from last week’s $3.4 billion of inflows — the third-largest crypto ETP inflows on record.

Inflows slowed down despite new Bitcoin gains

The slowdown in crypto ETP inflows came despite Bitcoin (BTC) seeing some brief gains last week, with the price rising from about $94,300 on April 28 to an intraweek high above $97,000 on May 2, according to data from CoinGecko.

In the trading week from April 28 to May 2, Bitcoin saw $1.8 billion of inflows, down 43% from the week before.

Crypto ETP flows by asset as of May 3, 2025 (in millions of US dollars). Source: CoinShares

However, bearish investors increased positions as short Bitcoin ETPs saw a 300% spike in inflows compared to the previous week, up to $6.4 million from $1.6 million.

Altcoins Ether (ETH) and XRP (XRP) saw ETP inflows of $149 million and $10 million, respectively.

Related: BlackRock Bitcoin ETF buys $970M in BTC as inflows surge, boost market

With Bitcoin accounting for 98% of all year-to-date crypto ETP inflows, total inflows this year amounted to $5.6 billion as of May 3.

Inflows concentrated with BlackRock’s iShares

According to CoinShares data, crypto ETP inflows were highly concentrated with BlackRock’s iShares products, which saw as much as $2.7 billion last week.

Still, crypto ETPs by issuers like ARK Invest and Fidelity Investments were bleeding last week, with outflows amounting to $458 million and $201 million, respectively.  

Crypto ETP flows by issuer as of May 3, 2025 (in millions of US dollars). Source: CoinShares

Other issuers such as Bitwise, Grayscale and ProShares recorded minor outflows for their crypto ETP products last week, totaling $36 million, $31 billion and $25 million, respectively.

Magazine: Bitcoin to $1M ‘by 2029,’ CIA tips its hat to Bitcoin: Hodler’s Digest, April 27 – May 3

Key takeaways:

XRP forms a bearish descending triangle on the daily chart, risking a 45% drop to $1.20.

Declining daily active addresses signal reduced transaction activity and liquidity.

A breakout above $2.18 could invalidate the bearish pattern.

The XRP (XRP) price flashes warning signs as a bearish technical pattern emerges on its daily chart, coinciding with declining network activity. 

XRP descending triangle hints at 45% price drop

The XRP price chart has been forming a descending triangle pattern on its daily chart since its late 2024 rally, characterized by a flat support level and a downward-sloping resistance line.

A descending triangle chart pattern that forms after a strong uptrend is seen as a bearish reversal indicator. As a rule, the setup resolves when the price breaks below the flat support level and falls by as much as the triangle’s maximum height.

XRP/USD daily chart. Source: Cointelegraph/TradingView

The bulls are struggling to keep XRP above the 50-day simple moving average (SMA), currently at $2.18, signaling a lack of strength.

If this trend continues, a close below the moving averages, namely the 50-day SMA and the 100-day SMA at $2.06, could sink the XRP/USDT pair to the psychological support level at $2.00.

Related: Is XRP price going to crash again?

If this support fails, XRP price could tumble toward the downside target at around $1.20 by the end of May, down 45% from current price levels.

XRP’s descending triangle target echoes an earlier analysis that warned of a possible decline to as low as $1.61 if key support levels don’t hold.

Conversely, a clear breakout above the triangle’s resistance line at $2.18 will invalidate the bearish structure, putting XRP in a good position to rally toward the $3.00 psychological level.

Declining XRP network activity

The XRP Ledger has experienced a significant drop in network activity compared to Q1 2025. Onchain data from Glassnode shows that the network’s daily active addresses (DAAs) are now far below March’s peak. 

On March 19, the ledger recorded a robust 608,000 DAAs, reflecting high user engagement and transaction activity. However, this metric crashed in April and early May, as shown in the chart below. 

With only around 30,000 daily active addresses, user transactions have decreased, possibly signaling reduced interest or a lack of confidence in XRP’s near-term outlook.

XRP Daily Active Addresses. Source: Glassnode

Historically, declines in network activity typically signal upcoming price stagnation or drops, as lower transaction volume reduces liquidity and buying pressure.

Meanwhile, XRP’s 1.17% drop over the last 24 hours is accompanied by a 30% increase in daily trading volume to $2 billion. Trading volume increases amid a price decline can be interpreted as profit-taking or repositioning by crypto traders as they wait for XRP’s next move. 

Popular analyst Dom commented on the increased selling volume, pointing out that “a large amount of market selling over the last week” is why XRP failed to sustain upward moves. 

Source: Dom

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Dubai, UAE – May 2025 — TheBlock, the International Chamber of Virtual Assets, has announced a strategic partnership with Cointelegraph, the world’s leading Web3 media platform. The collaboration brings together two major players in the blockchain and virtual asset space, with the shared goal of amplifying the global adoption of tokenisation, advancing regulatory dialogue, and supporting builders entering the MENA region.

The agreement, signed during Token2049 Dubai, highlights Cointelegraph’s growing collaboration with key players in the UAE. This new partnership will foster deeper collaboration and mutual support across TheBlock’s ecosystem.

As part of the collaboration, Cointelegraph will set up a presence at TheBlock’s headquarters in Dubai World Trade Center, offering opportunities for engagement with founders, partners, and clients within the ecosystem. The partnership also includes joint participation in educational panels, roundtables, and summits focused on real-world assets (RWAs), compliance, and capital allocation.

“This partnership is not just about media,” said Farbod Sadeghian, Founder of TheBlock. “It is about building an access layer for the global virtual asset economy. By working with Cointelegraph, we are strengthening how the industry connects, informs, and grows — from regulatory frameworks to investment pipelines.”

Cointelegraph will engage with TheBlock’s ecosystem through media coverage, speaker participation, and collaborative events. The partnership reflects ongoing efforts to support the growth of Dubai’s virtual asset sector, where regulatory developments and real-world applications continue to evolve.

“The partnership reflects Cointelegraph’s ongoing efforts to broaden its network of like-minded collaborators, all working toward the shared goal of strengthening and advancing the ecosystem,” said Yana Prikhodchenko, CEO of Cointelegraph. “We aim to grow the community by leveraging this partnership while also expanding our regional presence in the UAE. This collaboration will help strengthen both efforts.”

With over 100 events planned annually, a growing portfolio of international members, and over $8 billion in projects deal flow, TheBlock continues to serve as a launchpad for startups, enterprises, and institutions looking to expand their presence in the region.

The partnership represents a new step in aligning media and access to foster trust, facilitate knowledge sharing, and support progress in the virtual asset space.

About TheBlock:

As an international chamber of virtual assets based in Dubai, TheBlock connects regulators, founders, investors, and institutions shaping the future of virtual assets. It provides a structured platform for dialogue, collaboration, and access across key pillars of the virtual asset economy. Through membership programs, strategic partnerships, and curated events, TheBlock offers its members direct engagement with the people and policies driving the industry forward. With a growing global network and strong regional footprint, it supports meaningful growth and influence in the virtual asset landscape.

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About Cointelegraph:

Founded in 2013, Cointelegraph is the leading independent publication covering blockchain, crypto and Web3 developments globally. With correspondents and bureaus across key regions — including North America, Europe, Asia, and the Middle East — Cointelegraph delivers trusted news, in-depth analysis, and expert commentary to millions of readers. Through its editorial, research, video, and events arms, Cointelegraph empowers decision-makers, innovators, and investors with timely insights into the evolving digital economy. The platform is committed to journalistic integrity and thought leadership at the forefront of the decentralized future.