According to the latest weekly report from CoinShares, inflows of digital asset investment products rose slightly last week to $48 million. Despite inflows approaching $1 billion in the first half of the week, the release of new macroeconomic data and Federal Reserve meeting notes (indicating that the US economy will strengthen and the Fed will take a more hawkish stance) led to outflows of $940 million in the second half of the week. This shows that the post-election honeymoon period in the United States is over, and macroeconomic data is once again the main driver of asset prices. Last week, bitcoin inflows totaled $214 million, and although bitcoin saw the largest outflows relative to other digital assets later in the week, it remains the best performing asset, with year-to-date inflows of $799 million. Ethereum suffered the most losses last week, with outflows of $256 million, which we believe was due to a broader tech sell-off rather than any specific issues with the asset. In contrast, Solana did not experience the same pressure, attracting inflows of $15 million. XRP inflows reached $41 million last week, largely driven by political and legal factors, and the inflows indicate increased optimism ahead of the January 15 SEC appeal deadline.