Crypto ETFs' inflows decline suggests macroeconomics is again a key market mover of crypto prices - CoinShares


  • Crypto investment products inflows declined to $48 million in the past week after macroeconomic data pointed to a stronger US economy.
  • Bitcoin ETFs recorded $214 million in inflows last week despite shedding over $700 million in the past two trading days.
  • Ethereum ETFs saw the highest outflows, totaling $256 million, while XRP inflows jumped above $41 million.

CoinShares' weekly report on Monday stated that net inflows into digital asset investment products fell to $48 million last week after United States (US) economic data stirred negative sentiment across the broader crypto market.

Crypto products inflows plunge following stronger macroeconomic data

Crypto exchange-traded funds (ETFs) witnessed minor inflows at the close of the second trading week in 2025, per CoinShares' weekly report.

While the products recorded inflows of nearly $1 billion in the first two trading days of the week, newer macroeconomic data pointed to favorable economic conditions in the US. Hence, the US Dollar strengthened against crypto assets, leading to a market-wide sell-off that spanned into Monday.

With crypto prices reacting again to economic data, the lingering bullish effect from Donald Trump's presidential win seems to be waning.

"This suggests that the post-US election honeymoon is over, and macroeconomic data is once again a key driver of asset prices," wrote CoinShares' James Butterfill.

Meanwhile, Bitcoin ETFs pulled $214 million in net inflows last week despite witnessing an exodus of over $700 million in the past two trading days.

The products look set for another day in the trenches after Bitcoin briefly traded below the $90,000 psychological level. The decline sparked over $760 million in liquidations across the entire crypto market, per Coinglass data.

On the other hand, Ethereum ETFs recorded the highest outflows globally among digital asset products, totaling $256 million. This marks their highest weekly outflows since July, when investors migrated from Grayscale's Ethereum Trust (ETHE) to other recently launched US spot Ethereum ETFs.

The outflows were traced to the broader shedding of investments among tech products rather than any particular issue associated with the asset.

In contrast, Solana ETFs took in slight inflows of $15 million, and other altcoins performed similarly well. These include Aave, Stellar and Polkadot, which saw minor inflows of $2.9 million, $2.7 million and $1.6 million, respectively.

Additionally, XRP ETFs recorded inflows of $41.2 million. The inflows suggest a positive outlook for the asset ahead of the January 15 deadline for the Securities and Exchange Commission (SEC) to file an opening brief in its appeal against Ripple.

Crypto ETF FAQs

An Exchange-Traded Fund (ETF) is an investment vehicle or an index that tracks the price of an underlying asset. ETFs can not only track a single asset, but a group of assets and sectors. For example, a Bitcoin ETF tracks Bitcoin’s price. ETF is a tool used by investors to gain exposure to a certain asset.

Yes. The first Bitcoin futures ETF in the US was approved by the US Securities & Exchange Commission in October 2021. A total of seven Bitcoin futures ETFs have been approved, with more than 20 still waiting for the regulator’s permission. The SEC says that the cryptocurrency industry is new and subject to manipulation, which is why it has been delaying crypto-related futures ETFs for the last few years.

Yes. The SEC approved in January 2024 the listing and trading of several Bitcoin spot Exchange-Traded Funds, opening the door to institutional capital and mainstream investors to trade the main crypto currency. The decision was hailed by the industry as a game changer.

The main advantage of crypto ETFs is the possibility of gaining exposure to a cryptocurrency without ownership, reducing the risk and cost of holding the asset. Other pros are a lower learning curve and higher security for investors since ETFs take charge of securing the underlying asset holdings. As for the main drawbacks, the main one is that as an investor you can’t have direct ownership of the asset, or, as they say in crypto, “not your keys, not your coins.” Other disadvantages are higher costs associated with holding crypto since ETFs charge fees for active management. Finally, even though investing in ETFs reduces the risk of holding an asset, price swings in the underlying cryptocurrency are likely to be reflected in the investment vehicle too.


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