Macroeconomic signals led to sharp reversals in cryptocurrency inflows last week, CoinShares reports, as $940 million in outflows wiped out early inflows.

James Butterville, head of research at CoinShares, said digital asset investment products saw net inflows of $48 million, but the nearly $1 billion inflow earlier in the week was offset by outflows of $940 million, as new economic data and meeting minutes sparked... A hawkish Fed worries investors. , on January 13 Research report.

Bitcoin (Bitcoin) had inflows of $214 million but faced the largest outflows among digital assets later in the week. Butterville notes that despite the outflows, Bitcoin remains “the best-performing asset with inflows of $799 million year-to-date.”

Ethereum (Ethereum) had a challenging week, with outflows of $256 million, which Butterfill linked to the broader technology sell-off rather than Ethereum-specific issues. Meanwhile Solana (Sol) remained resilient, attracting inflows of $15 million.

ripple (XRPIt attracted $41 million in inflows, driven by “political and legal factors,” says Butterville, noting that the inflows signal “growing optimism ahead of the January 15 appeal deadline.”

Several altcoins recorded inflows despite poor price performance. For example, ave (ghost), astral (XLM) and Polkadot (a point) were notable, drawing $2.9 million, $2.7 million, and $1.6 million, respectively. The latest figures show that the post-US election “honeymoon” is “clearly over,” says Butterville, adding that “macroeconomic data is once again becoming a major driver of asset prices.”