Between Donald Trump and the Federal Reserve, crypto funds got whiplashed last week.
Digital asset investment products, including spot Bitcoin and Ethereum ETFs, collectively saw just $48 million worth of inflows last week, according to CoinShares. Bitcoin products finished the week with $214 million in net inflows, while Ethereum products bled $255 million.
Investors began the week with $1 billion in crypto allocations, but a strong start to the New Year was quickly outweighed by macro unease. Hawkish minutes from the Fed’s latest meeting and strong readings on the U.S. economy led investors to pull $940 million from digital asset investment products—effectively canceling out the initial inflows.
“This suggests that the post-U.S. election honeymoon is over, and macroeconomic data is once again a key driver of asset prices,” CoinShares Head of Research James Butterfill wrote.
Last week, Fed minutes showed that policymakers are viewing potential
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Author: André Beganski
