The digital asset market saw its first full week of inflows in 2025, with $48 million added to investment products, according to the latest weekly report from CoinShares.
CoinShares reported that the week started with promising inflows close to $1 billion. However, these gains were almost erased by the subsequent outflow of $940 million, reflecting the market’s sensitivity to macroeconomic developments and the current correlation with US stocks.
James Butterfill, head of research at CoinShares, attributed the activity to new economic data and recent Federal Reserve meeting minutes. He said those reports pointed to a stronger-than-expected U.S. economy and a hawkish stance on monetary policy, reigniting concerns about asset valuations.
He added:
“This suggests that the US post-election honeymoon is over and that macroeconomic data is once again a key driver of asset prices.”
Bitcoin leads as Ethereum faces massive sell-off
Bitcoin stood out as a strong performer, generating $214 million in inflows.
Despite significant outflows recorded later in the week, the asset remained a favorite among investors. Since the start of the year, Bitcoin’s cumulative inflows have reached a staggering $799 million, further 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.
In contrast, Ethereum had a rough 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 year-to-date outflows to $274 million.
XRP shines
Among altcoins, XRP was a notable winner, attracting $41 million in inflows.
CoinShares suggested that this influx reflects growing optimism about the potential approval of spot-XRP ETFs in the United States and the upcoming U.S. Securities and Exchange Commission (SEC) appeal deadline for Ripple, on January 15.
Additionally, many investors see XRP as well-positioned to benefit from clearer regulatory frameworks under the new Donald Trump administration.
Meanwhile, Solana also made gains, with $15 million in inflows, while other altcoins like Aave, Stellar and Polkadot saw small but positive contributions of $2.9 million, 2.7 million and $1.6 million, respectively.
