XRP Leads ETF Inflows After 656% Weekly Surge; Binance SHIB Balances Rise by 181 Billion; Peter Schiff Sees Bitcoin at $10,000 as a Long-Term Trend

Digital asset investment products recorded a moderate recovery over the past week, with total net inflows reaching $224 million, according to CoinShares data. Within that broader picture, XRP stood out as the dominant driver of investor allocations into crypto funds.

XRP leads weekly inflows as allocations surge

XRP attracted $119.6 million in inflows during the week, its largest weekly figure since mid-December 2025. This compares with $15.8 million in the prior week, representing a 656% increase.

CoinShares data also indicated that XRP surpassed Bitcoin in attracting capital during the period, becoming the asset with the strongest positive sentiment. Year-to-date, XRP inflows in 2026 total $159 million, accounting for about 7% of total assets under management in these products.

Binance Proof of Reserves shows SHIB balance increase

Separately, Binance reported an updated Proof of Reserves at the start of the week, showing an increase in net user balances, particularly for Shiba Inu (SHIB). The token’s balances rose by more than 181 billion SHIB between March and April.

Binance data showed user net balances increasing from 52.45 trillion SHIB to 52.63 trillion SHIB. Binance’s total on-chain reserves were reported at 52.72 trillion SHIB, with the reserve ratio unchanged at a surplus level of 117%.

The average market price of SHIB is currently around $0.000006, with total market capitalization of approximately $3.5 billion. The balance growth was cited as evidence of renewed interest alongside a broader market recovery, even as the token continues to track general market sentiment.

Bitcoin debate: $10,000 scenario and investor risk

Crypto critic Peter Schiff said on X that even if Bitcoin falls to $10,000 by the end of 2026, Michael Saylor would likely frame it as a major success. Schiff argued this would rely on Bitcoin’s performance over a ten-year period, despite the impact on investors who entered the market more recently.

“If Bitcoin ends 2026 at $10,000, it will still be the best-performing asset over ten years. I'm sure Saylor will rely on that to keep pumping Bitcoin and issuing more shares of MSTR to buy it.” — Peter Schiff (April 7, 2026)

Schiff added that for many newer investors, such an outcome would be catastrophic, describing it as a 92% decline from the peak and potentially the worst investment for those participants.

The view was also linked to Bloomberg Intelligence strategist Mike McGlone, who characterized $10,000 as a “return to the mean” average seen in 2020–2021, arguing the current correction is clearing out a credit-driven bubble built over the past five years.

Strategy’s financial position was described as increasingly pressured, with the company holding between 766,970 BTC at an average purchase price of $75,644, implying an unrealized loss of around 9.68% at current levels. Strategy’s market capitalization was noted as remaining in the $42–46 billion range, approaching the value of its Bitcoin holdings.

Market outlook: Bitcoin between institutional demand and geopolitical pressure

Bitcoin’s price action has shifted into a corrective phase after briefly breaking above $70,000, amid ongoing geopolitical uncertainty and mixed institutional flows.

Key checkpoints

• Bitcoin (BTC) is trading in the $68,000 range, down about 2% after failing to hold above $70,000.
• Volatility is being driven by a deadline tied to reopening key oil logistics routes, with oil prices rising and trading above $115 in futures markets. Escalation risks are prompting investors to take profits and rotate into defensive assets.
• Inflows into spot Bitcoin ETFs reached $471 million, the highest since February, indicating continued long-term interest from major funds including BlackRock and Fidelity.
• SEC Chairman Paul Atkins announced the upcoming release of “Reg Crypto” rules, expected to provide clarity on fundraising and digital asset classification.

The broader environment was described as Bitcoin increasingly decoupling from tech equities and responding more to geopolitics and energy markets, positioning it as both a “digital gold” and an infrastructure asset.