CoinShares: Digital asset investment products saw a net inflow of $48 million last week

PANews reported on January 13 that according to the latest weekly report data from CoinShares, the inflow of digital asset investment products increased slightly last week to US$48 million. While inflows were close to $1 billion in the first half of the week, the release of new macroeconomic data and the Fed meeting minutes resulted in outflows of $940 million in the second half of the week. This suggests that the post-election honeymoon period in the United States is over, with macroeconomic data once again becoming the main driver of asset prices.

Last week, Bitcoin inflows totaled $214 million, and although it saw the largest outflows later in the week relative to other digital assets, it remains the best-performing asset with year-to-date inflows of $799 million. Dollar. Ethereum suffered the most losses last week, with $256 million in outflows, which was likely due to a broader sell-off in tech stocks rather than any specific issues with the asset. In contrast, Solana did not experience the same pressure, attracting $15 million in inflows. XRP saw inflows of up to $41 million last week, largely driven by political and legal factors, with the inflows signaling increased optimism ahead of the January 15 SEC appeal deadline. Despite the poor price performance of altcoins, they still saw inflows, most notably Aave, Stellar, and Polkadot, which saw inflows of $2.9 million, $2.7 million, and $1.6 million respectively.