Cryptocurrency funds It recorded a modest net inflow of $48 million last week, driven by macroeconomic and monetary policies. CoinSharesAccording to data from , while there was an inflow of almost 1 billion dollars into the funds at the beginning of the week, there was an outflow of 940 million dollars towards the end of the week due to the strong data of the US economy and the more hawkish stance of the Fed. CoinShares Research Director James Butterfill“The honeymoon after the US elections is over and macroeconomic data are determining prices again,” he said.
While Bitcoin Funds Lead the Way, Ethereum Struggles
Bitcoin $92,802.9 Investment products led inflows into cryptocurrency funds with a total inflow of $214 million last week. Despite the big outflows at the end of the week, it remained the best-performing cryptocurrency fund with a total net inflow of $799 million since the beginning of the year.
in the USA spot Bitcoin ETF‘s accounted for $312.8 million of these inflows. Ethereum 
$3,153.0 Focused funds showed the worst performance, experiencing a net outflow of $256 million. Butterfill stated that this situation was due to large-scale technology stock sales. Nasdaq 100 index decreased by 3.5 percent in the same period.
Optimism Predominates in XRP and Solana Funds
Among the leading altcoins XRP‘s funds, Ripple 
$2.4 The case attracted $41 million in inflows on positive expectations ahead of the upcoming SEC appeals process. solana based funds attracted attention with an inflow of 15 million dollars.
On the other hand Aave, Stellar 
$0.407551 And Polkadot There was also a net entry into altcoin-focused investment products such as.
While the largest cryptocurrency, Bitcoin, lost 7.8 percent of its value in the last 7 days and fell to 90 thousand 897 dollars, while the news was being prepared, Ethereum was traded at 3 thousand 63 dollars with a 14.8 percent decrease in the same period. cryptocurrency market For now, it continues to follow a fluctuating course under the pressure of macroeconomic developments.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
