The honeymoon week after the US election has ended, and only 48 million USD has flowed into crypto.

According to a report from CoinShares, global cryptocurrency investment funds managed by major asset management companies such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares recorded a modest net inflow of $48 million last week as macroeconomic and monetary policies once again reaffirmed their impact.

Despite a positive start this week with nearly $1 billion pouring into global crypto investment products, the release of new macroeconomic data and the minutes of the latest Federal Market Open Committee meeting show that the US economy remains strong and the Fed may tighten monetary policy further. This has triggered an outflow of up to $940 million in the second half of the year, according to James Butterfill, Head of Research at CoinShares. “This indicates that the honeymoon period after the US election has ended and macroeconomic data once again is the main driver pushing asset prices.” The opposite fate of Bitcoin and Ether Bitcoin-related investment products led the net capital inflows last week, with $214 million pouring in, despite a large outflow of funds at the end of the week. Bitcoin remains the best-performing cryptocurrency this year, with a total net inflow of $799 million. Bitcoin ETFs traded in the United States accounted for $312.8 million of the total inflow, even though the US market was closed on Thursday to commemorate former President Jimmy Carter.

On the other hand, Ethereum-based products recorded the largest net outflow of funds, reaching $256 million in the past week. Mr. Butterfill said the reason may be due to a large-scale sell-off in the technology market, reflecting a 3.5% decrease in the Nasdaq 100 index during this period. US-based Ethereum ETF funds accounted for $186 million of the total net outflow of ETH in the past week.

Altcoin And Optimism Towards XRP However, XRP-based products recorded a net inflow of $41 million in the past week, thanks to the optimistic increase ahead of the appeal deadline on January 15 in Ripple's lawsuit against the Securities and Exchange Commission (SEC). Meanwhile, Solana-based funds are also seeing a net capital inflow of $15 million. Furthermore, despite the decline in the value of cryptocurrencies this week, other altcoin-based products, including Aave, Stellar, and Polkadot, also recorded net capital inflows. During the past week, Bitcoin has decreased by 8.6% and is currently trading at $90,889. Ether also dropped by 16.5%, down to $3,047.

These developments demonstrate the volatility of the crypto market in the context of macroeconomic factors and monetary policy impacting investment flows. DYOR! #Write2Earn #Write&Earn $BTC {spot}(BTCUSDT)