Last Week, Digital Asset Investment Products Saw a Net Inflow of $48 Million... "Experienced Large Outflows After US Economic Data Release"

Last week, digital asset investment products experienced a small net inflow of $48 million. At the beginning of the week, there was a large inflow of about $1 billion, but after the release of macroeconomic indicators, funds quickly exited, resulting in a small net inflow.

On the 13th, the cryptocurrency management company CoinShares reported in its 'Weekly Digital Asset Investment Product Fund Flows' report that "digital investment products saw a net inflow of $48 million last week. There was a large outflow of funds following the release of stronger-than-expected US macroeconomic indicators."

The report analyzed, "The US economy is showing stronger-than-expected performance, suggesting the possibility of strengthening a hawkish (preference for monetary tightening) stance," adding, "The 'honeymoon' of Trump's election is over. Macroeconomic data is emerging as a key driver."

The report explained, "Bitcoin (BTC) saw an inflow of $214 million last week, marking the largest net inflow of $799 million this year," while "Ethereum (ETH) suffered the most with a net outflow of $256 million last week."

Many altcoins continued to see net inflows despite a bearish sentiment. According to the report, Solana (SOL) had a net inflow of $15 million last week. During the same period, Ripple (XRP) saw a net inflow of $41 million, and Aave (AAVE), Stellar (XLM), and Polkadot (DOT) also recorded net inflows.