XRP investment products saw net inflows of $15.8 million last week. Over the same period, major cryptocurrency investment products including bitcoin and ether recorded total net outflows of $414 million. On March 31 local time, blockchain outlet Cryptopolitan reported that CoinShares data showed XRP funds drew about $15.8 million, classifying them as a top altcoin by recent fund flows.

In CoinShares tallies, most of the regional outflows came from the United States. By asset, ether funds saw the biggest decline, with net outflows of $222 million, while bitcoin funds shed $194 million. Solana funds also recorded net outflows of $12.3 million.

James Butterfill, head of research at CoinShares, explained that investors cited the possibility of escalating Iran-U.S. tensions and renewed inflation concerns as reasons for pulling money. He added that the rising likelihood of a rate hike rather than a cut in June also weighed on sentiment.

He also mentioned that ether's decline was a direct response to the Clarity law, apart from geopolitical issues. He said volatility increased as opinions split over some provisions of the bill.

Factors cited for XRP's relatively resilient performance included its positioning as a payments-focused asset and expectations that adoption could expand if regulation is eased in the U.S. financial system. XRP showed a move that reversed previously mixed investor sentiment.

The moves coincided with discussions on whether the investment scope of U.S. 401(k) plans could expand to "alternative assets". The U.S. Labor Department proposed a new rule that would allow 401(k) plans to diversify into alternative assets such as crypto, private equity and real estate. It was described as a follow-up to an executive order in August 2025 in which U.S. President Donald Trump instructed regulators to increase 401(k) access to crypto and private assets.

The Labor Department described the aim of the changes as reflecting real-world investment conditions. U.S. Labor Secretary Lori Chavez-DeRemer said, "This proposal will show how 401(k) plans can consider products that better reflect the investment environment that exists today." Senator Elizabeth Warren said, "President Trump has decided that now is the time to put these risky assets into Americans' 401(k)s," warning of potential losses for workers.

After the outflows, assets under management in cryptocurrencies fell back to $129 billion, undoing most of the gains since early February, it was reported.

Digital asset investment products saw first outflows in 5 weeks at US$414M.@ethereum bore the brunt of negative sentiment recording $222M in outflows. @Bitcoin also saw outflows totalling US$194M. @solana also suffered, seeing outflows of US$12.3M. While XRP (@Ripple) was one… pic.twitter.com/Eg0fepjZtw