Volume 216: Digital Asset Fund Flows Weekly Report
Macro and Monetary Policy reassert themselves with large outflows late last week Digital asset investment products recorded modest inflows of US$48m last week, although this masked large outflows later in the week due to stronger than expected macro data. Ethereum suffered the most last week, with US$256m in outflows, we believe is attributed to the broader tech sell-off rather than any specific issue with the asset. XRP saw inflows of US$41m suggesting heightened optimism ahead of the 15th January SEC appeal deadline. Digital asset investment products recorded modest inflows of US$48m last week. Although nearly US$1 billion poured in during the first half of the week, the release of new macroeconomic data and the US Federal Reserve’s minutes — which pointed to a stronger US economy and a more hawkish Fed — led to outflows of US$940 million in the latter half. This suggests that the post-US election honeymoon is over, and macroeconomic data is once again a key driver of asset prices.Bitcoin saw inflows totalling US$214m last week, while it saw the largest outflows relative to other digital assets later in the week, it remains the best performing asset with inflows of US$799m YTD.Ethereum suffered the most last week, with US$256m in outflows, we believe is attributed to the broader tech sell-off rather than any specific issue with the asset. By contrast, Solana did not experience the same pressure, attracting inflows of US$15m.XRP saw substantial inflows of US$41m last week and remains primarily driven by political and legal factors, with inflows suggest heightened optimism ahead of the 15th January SEC appeal deadline.Surprisingly, altcoins, despite poor price performance saw inflows, most notable being Aave, Stellar and Polkadot with inflows of US$2.9m, US$2.7m and US$1.6m respectively.To access all our research click here.To see the full detail report, click here. Volume 216: Digital Asset Fund Flows Weekly Report was originally published in CoinShares Research Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
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