The digital asset market witnessed its first full week of inflows in 2025, with $48 million added to investment products, according to CoinShares’ latest weekly report.
CoinShares reported that the week began with promising inflows nearing $1 billion. However, these gains were nearly erased as $940 million flowed out later, reflecting how sensitive the market remains to macroeconomic developments and the current correlation with US equities.
James Butterfill, CoinShares’ Head of Research, attributed this activity to new economic data and the Federal Reserve’s recent meeting minutes. He said these reports pointed to a stronger-than-expected US economy and a hawkish stance on monetary policy, reigniting concerns over asset valuations.
He added:
“This suggests that the post-US election honeymoon is over, and macroeconomic data is once again a key driver of asset prices.”
Bitcoin leads as Ethereum faces sell-off
Bitcoin stood out as a strong performer, pulling in $214 million in inflows.
Despite recording significant outflows later in the week, the asset remained a favorite among investors. Year-to-date, Bitcoin’s cumulative inflows have reached an impressive $799 million, cementing its dominance in the crypto market.
Interestingly, short-Bitcoin products also saw inflows of $1.8 million during the same period, reflecting hedging activity amid market uncertainty.
On the other hand, Ethereum experienced a tough week, with outflows totaling $256 million. CoinShares suggested that this trend aligns with a broader sell-off in the tech sector rather than specific concerns about Ethereum.
This setback has now pushed Ethereum’s year-to-date outflows to $274 million.
XRP shines
Among altcoins, XRP was a notable winner, attracting $41 million in inflows.
CoinShares suggested that the inflow reflects growing optimism about potential approval for spot-XRP ETFs in the US and the upcoming US Securities and Exchange Commission (SEC) appeal deadline for Ripple on Jan. 15.
Additionally, many investors view XRP as well-positioned to benefit from clearer regulatory frameworks under the incoming Donald Trump administration.
Meanwhile, Solana also made gains, with $15 million in inflows, while other altcoins like Aave, Stellar, and Polkadot recorded modest yet positive contributions of $2.9 million, $2.7 million, and $1.6 million, respectively.
