Digital Asset Investment Sees Modest Inflows Amid Economic Shifts

According to PANews, recent data from CoinShares reveals that digital asset investment products experienced a modest inflow of $48 million last week. Despite an initial surge of nearly $1 billion in the first half of the week, the release of new macroeconomic data and the Federal Reserve's meeting minutes led to an outflow of $940 million in the latter half. This shift indicates the end of the post-U.S. election honeymoon period, with macroeconomic factors once again driving asset prices. Bitcoin saw a total inflow of $214 million last week. Although it faced the largest outflows compared to other digital assets later in the week, Bitcoin remains the best-performing asset with year-to-date inflows of $799 million. Ethereum suffered the most significant losses, with outflows of $256 million, likely due to a broader sell-off in tech stocks rather than any specific issues with the asset itself. In contrast, Solana attracted $15 million in inflows, showing resilience against the broader market pressures. XRP recorded inflows of $41 million, driven mainly by political and legal factors, reflecting increased optimism ahead of the January 15 SEC appeal deadline. Despite the poor price performance of altcoins, they still saw inflows, notably Aave, Stellar, and Polkadot, with $2.9 million, $2.7 million, and $1.6 million, respectively.