$1.16 billion flowed into the crypto market last week, with XRP and Chainlink emerging as the biggest winners

[BlockBeats] Last week, the crypto market attracted another wave of capital—net inflows into digital asset investment products reached $716 million. This pushed total assets under management to $180 billion, though that’s still far from the all-time high of $264 billion.

Where did the money go? Bitcoin took in $352 million, holding down the fort. But the most interesting case is XRP, which attracted a direct $245 million, indicating renewed institutional interest in this veteran token.

Chainlink was even more impressive this time—with $52.8 million in inflows, hitting a new high, accounting for 54% of its own assets under management. What does this ratio mean? Either new capital is pouring in, or existing players are doubling down.

Another detail: short Bitcoin products saw significant outflows. Is negative market sentiment fading? At least that’s what the data suggests.

By region, the U.S. remains dominant, with $483 million in inflows accounting for most of the total. Germany and Canada also contributed, with $96.9 million and $80.7 million respectively. Nearly every region globally is pouring money in—this wave of enthusiasm is definitely not a local phenomenon.