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News

Digital Asset Investment Products Saw Net Inflows of $48 Million Last Week

2 mins mins

Key Points:

  • Digital asset investment products saw modest inflows of $48 million last week.
  • Bitcoin attracted $214 million in inflows, maintaining strong year-to-date performance, while Ethereum faced $256 million in outflows.
Digital asset investment products recorded minor inflows of $48 million last week after the turmoil against a background of sliding markets.
Digital Asset Investment Products Saw Net Inflows of $48 Million Last Week

Read more: Franklin Templeton Digital Asset Releases 2025 Crypto Outlook  

Digital Asset Investment Products See Minor Inflows as Markets Slides

Early in the week, optimism drove nearly $1 billion into digital asset investment products, but this reversed mid-week when new macroeconomic data and minutes from the US Federal Reserve’s latest meeting showed a stronger economy and a more hawkish Central Bank, which yielded outflows of $940 million in the latter half of the week.

Bitcoin, despite seeing significant outflows into the latter stages of the week, still managed to capture 214 million dollars in inflows and retains the best-performing digital asset with a year-to-date inflow of 799 million dollars.

Ethereum, on the other hand, saw a heavy outflow of 256 million dollars, which analysts say is probably more part of the broad sell-off of technology stocks than particular concerns about the asset itself.

XRP Sees Large Inflows, and Altcoins Remain Resilient

Solana bucked the broader trend and saw inflows of $15 million. XRP, on the other hand, was at $41 million. For the latter, political and legal events have been the key drivers for growth. Investors are now becoming optimistic, and they are heading into an appeal by the SEC on 15th January.

Despite the generally weak performance of the broader altcoin market, some assets such as Aave, Stellar, and Polkadot managed to record inflows of $2.9 million, $2.7 million, and $1.6 million, respectively. It would appear that investor interest in some altcoins remains unabated.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Avatar of Harold

Harold

13 January 2025, 13:35:42 GMT +0000

With a passion for untangling the complexities of the financial world, I’ve spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. “The financial markets are a fascinating puzzle,” I often say, “and I love helping people make sense of them.” That’s what drives me to bring clear and insightful financial journalism to the readers of Coincu.