The digital asset market recorded 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 started with promising inflows of close to $1 billion. However, these gains were largely wiped out by a later outflow of $940 million, reflecting how sensitive the market remains to macroeconomic trends and current correlations with U.S. stocks.
James Butterfill, head of research at CoinShares, said the move was due to new economic data and recent minutes from the Federal Reserve. He said the reports signaled a more hawkish stance on the U.S. economy and monetary policy than expected, rekindling concerns about asset valuations.
He added:
“This suggests that the post-US election honeymoon is over and macroeconomic indicators are once again the dominant driver of asset prices.”
Bitcoin takes the lead as Ethereum faces decline
Bitcoin stood out as a strong performer, bringing in $214 million in inflows.
Despite experiencing significant outflows later this week, the asset remained popular with investors. Since the beginning of the year, Bitcoin's cumulative inflows have reached a staggering $799 million, solidifying its dominance in the cryptocurrency market.
Interestingly, Bitcoin short products also saw inflows of $1.8 million during the same period, reflecting hedging activity amid market uncertainty.
Ethereum, on the other hand, had a rough week with total outflows of $256 million. CoinShares suggested that this trend is consistent with a broader decline in the tech sector, rather than specific concerns regarding Ethereum.
This setback brings Ethereum's year-to-date outflows to $274 million.
XRP shines
Among altcoins, XRP was a notable winner, attracting $41 million in inflows.
CoinShares said this inflow fuels increased optimism about the potential approval of the Spot XRP ETF in the US and the approaching January 15 US Securities and Exchange Commission (SEC) appeal deadline for Ripple. suggested that it reflects the
Additionally, many investors see XRP as well-positioned to benefit from a clearer regulatory framework under the incoming Donald Trump administration.
Meanwhile, Solana also profited with an inflow of $15 million, while other altcoins such as Aave, Stellar, and Polkadot also recorded modest but positive contributions of $2.9 million, $2.7 million, and $1.6 million, respectively.
