Crypto funds saw a modest net inflow of $48 million last week, driven by the impact of macroeconomic and monetary policies. According to data from CoinShares, funds received nearly $1 billion at the beginning of the week, but due to strong economic data from the U.S. and the Federal Reserve’s more hawkish tone, $940 million flowed out by the end of the week. CoinShares’ Research Director, James Butterfill, commented, “The honeymoon period after the U.S. elections is over, and macroeconomic data is once again dictating prices.”
Bitcoin emerged as the leader in attracting investment, with a total of $214 million flowing into investment products, making it the top contributor to crypto fund inflows. Despite significant outflows by the end of the week, Bitcoin remains the best-performing cryptocurrency fund, with a total net inflow of $799 million since the beginning of the year.
In the U.S., spot Bitcoin ETFs accounted for $312.8 million of these inflows. In contrast, Ethereum-focused funds experienced net outflows of $256 million, marking the worst performance. Butterfill noted that this trend was driven by widespread selling in technology stocks, as the Nasdaq 100 index dropped 3.5% during the same period.
Positive expectations ahead of the upcoming SEC appeal in the Ripple case led to $41 million flowing into funds for altcoins like XRP. Similarly, funds based on Solana attracted $15 million in inflows. Altcoin-focused investment products such as Aave, Stellar, and Polkadot also reported net inflows.
At the time of reporting, Bitcoin had decreased by 7.8% over the past week, trading at $90,897, while Ethereum fell 14.8% to $3,063. The cryptocurrency market continues to exhibit volatility under the pressure of macroeconomic developments.
