Digital investment products saw outflows of USD 1.07 billion - the first negative week in seven weeks and the third largest weekly outflow of 2026, surpassed only by two weeks at the end of January. This likely reflects renewed geopolitical risk-off sentiment related to developments around Iran, with outflows concentrated mainly in $BTC (-0,37%).

The news surrounding the CLARITY Act appears to have improved sentiment at the margin: Eleven assets continued to see notable inflows, and Thursday was positive with inflows of $174 million. Altcoins held up remarkably well. $XRP (-0,17%) The largest asset class, the cryptocurrency, saw inflows of 67.6 million US dollars, $SOL (-0,65%) The inflow of USD 55.1 million - for both, the momentum accelerated compared to the previous weeks.

$BITC (-2,19%)
$XRRL (-2,29%)
$SLNC (-3,01%)

$BTC (-0,37%)
$ETH (-0,43%)
$XRP (-0,17%)
$SOL (-0,65%)
$TRX (+0,11%)

$BTC (-0,37%)
$ETH (-0,43%)
$XRP (-0,17%)
$SOL (-0,65%)
$TRX (+0,11%)

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$BITC (-2,19%)
$CETH (-3,15%)
$XRRL (-2,29%)
$SLNC (-3,01%)
$CTEN (-6,57%)

$XRP (-0,17%) recorded the largest inflows of all assets, attracting USD 119.6 million - the highest figure since mid-December 2025.

Digital asset investment products recorded inflows totaling USD 224 million last week.

While #xrp led the market, the downward $ETH (-0,43%) the downward trend continued with further outflows, and sentiment towards digital asset $BTC (-0,37%) remained mixed - with moderate inflows coupled with continued interest in short Bitcoin products.

Also $SOL (-0,65%) registered inflows, reflecting continued stable investor demand.

$XRRL (-2,29%)

$CETH (-3,15%)

$BITC (-2,19%)

$SLNC (-3,01%)

Digital asset investment products saw inflows of USD 619 million last week, indicating that the initial market reaction to the Iran crisis is supportive for this asset class. Early optimism is particularly evident, with an impressive USD 1.44 billion flowing into these products in the first three days of the week. However, investor sentiment weakened noticeably later in the week, which is reflected in outflows totaling USD 829 million on Thursday and Friday, even though the published labour market data was significantly weaker than expected. This decline in inflows indicates that investors are acting more cautiously in the short term and are taking possible economic uncertainties into account. Nevertheless, rising oil prices are offsetting potential declines in inflation that could result from the weak labor market figures, meaning that the general market optimism is not completely interrupted. Overall, capital flows show that despite geopolitical tensions and short-term volatility, an overwhelmingly positive attitude towards digital asset investment products prevails, with investors continuing to see opportunities in this emerging asset class and willing to accept the risk.

$BTC (-0,37%)
$ETH (-0,43%)
$SOL (-0,65%)
$XRP (-0,17%)

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$BITC (-2,19%)
$CETH (-3,15%)
$XRRL (-2,29%)
$SLNC (-3,01%)

Investment products for digital assets recorded outflows of 288 million US dollars last week. This was the fifth consecutive week of net outflows, bringing the total to USD 4.0 billion - still below the USD 6 billion reached in the same period last year. After several weeks of record activity, trading volumes in ETPs slumped significantly to USD 17 billion, the lowest level since July 2025, indicating waning investor interest.

The regional picture is divergent: In the US, outflows totaled USD 347 million, while other regions saw inflows totaling USD 59 million. This was led by Switzerland with USD 19.5 million, Canada with USD 16.8 million and Germany with USD 16.2 million.

$BTC (-0,37%) The US dollar dominated the negative sentiment with outflows of USD 215 million, while short bitcoin products saw inflows of USD 5.5 million - the highest figure among all asset classes. $ETH (-0,43%) The short bitcoin fund recorded outflows of USD 36.5 million, followed by multi-asset products with USD 32.5 million and $TRX (+0,11%) (Tron) with 18.9 million US dollars. Low inflows were recorded for XRP (USD 3.5 million), $SOL (-0,65%) (3.3 million US dollars) and $LINK (-1,57%) (Chainlink) (USD 1.2 million), but not enough to offset the net outflows from altcoins.

$BITC (-2,19%)
$CETH (-3,15%)
$XRRL (-2,29%)
$SLNC (-3,01%)

$BTC (-0,37%) recorded the weakest investor sentiment last week. A total of USD 133 million flowed out of corresponding investment products. At the same time, there were also outflows from short Bitcoin products, totaling USD 15.4 million over the past two weeks - a pattern that has historically often been observed near local lows.

Also $ETH (-0,43%) was also affected by outflows, with withdrawals totaling USD 85.1 million. $HYPE (-1,04%) The US dollar market also saw outflows, albeit at a much lower level of USD 1 million.

In contrast, sentiment towards $XRP (-0,17%), $SOL (-0,65%) and $LINK (-1,57%) remained constructive. These assets recorded inflows of USD 33.4 million, USD 31 million and USD 1.1 million respectively in the past week.

$XRRL (-2,29%)
$SLNC (-3,01%)
$CTEN (-6,57%)
$GB00BMY36D37 (-3,92%)

$BTC (-0,37%) is the only area with negative investor sentiment and recorded capital outflows of USD 264 million. In contrast $XRP (-0,17%), $SOL (-0,65%) and $ETH (-0,43%) lead inflows, with USD 63.1 million, USD 8.2 million and USD 5.3 million respectively. XRP thus remains the most successful asset since the beginning of the year, with cumulative capital inflows of USD 109 million.

$BITC (-2,19%)
$XRRL (-2,29%)
$SLNC (-3,01%)
$CETH (-3,15%)

Digital investment products recorded inflows of USD 2.17 billion last week - the highest weekly figure since October 10, 2025, just before the market collapse. Inflows were stronger at the start of the week, but sentiment turned negative on Friday: diplomatic tensions over Greenland and renewed threats of additional tariffs led to outflows of USD 378 million. In addition, speculation that Kevin Hassett - a leading candidate for the chairmanship of the US Federal Reserve and well-known monetary policy dove - is likely to remain in his current post weighed on the market.

#bitcoin led the inflows with 1.55 billion US dollars. Despite a push by the US Senate Banking Committee under the CLARITY Act, which could restrict stablecoins from paying interest, Ethereum and #solana saw inflows of USD 496 million and USD 45.5 million respectively.

A wide range of altcoins saw inflows, most notably #xrp (USD 69.5 million), Sui (USD 5.7 million), LIDO (USD 3.7 million) and Hedera (USD 2.6 million).

$BITC (-2,19%)
$CETH (-3,15%)
$SLNC (-3,01%)
$XRRL (-2,29%)
$GB00BMY36D37 (-3,92%)

Regulatory developments in Washington took center stage this week as the US Senate Banking Committee continued its work on the Digital Asset Market CLARITY Act - a crucial piece of legislation for the further development of the stablecoin industry. Originally conceived as a market structure bill, the bill has expanded into a broader crypto regulatory framework that includes #stablecoins, #deficonsumer protection and illegal financial activities. In all draft versions, regulation consistently revolves around control and custody, with obligations linked to who actually exercises decision-making power - rather than whether an activity is designated as centralized or decentralized. This approach forms the basis for dealing with DeFi and stablecoins, where legislators seek to differentiate non-custodial software and payment infrastructure from intermediaries and yield-based financial products. A markup session of the Senate Banking Committee scheduled for January fifteenth has been postponed. With a view to the finalization phase of the Clarity Act, a possible dynamic in #ethereum,
#solana, #xrp and other altcoins.

Crypto assets have historically faced higher regulatory risks outside of #bitcoin historically faced higher regulatory risks, and the CLARITY Act would mitigate these risks by clearly defining which authorities regulate what and what obligations apply to tokens and trading venues. Such codified and permanent regulation can unlock institutional interest through greater legal resilience and more certainty in due diligence. The end result should be more product and service offerings, lower liquidity and an overall reduction in risk perception. We expect this to support the market development of altcoins. (Author: James Butterfill, CoinShares Head of Research)

$GB00BMY36D37 (-3,92%)
$SLNC (-3,01%)
$XRRL (-2,29%)
$CETH (-3,15%)

#xrp and #solana recorded the highest inflows last week, amounting to USD 70.2 million and USD 7.5 million respectively. Since the ETFs were launched in the US in mid-October, they have recorded inflows totaling USD 1.07 billion and USD 1.34 billion respectively, clearly bucking the negative sentiment for other asset classes. In contrast, Bitcoin and Ethereum saw outflows of USD 443 million and USD 59.5 million respectively last week. Since the launch of the XRP and Solana ETFs, Bitcoin and Ethereum have seen outflows totaling USD 2.8 billion and USD 1.6 billion respectively.

$XRRL (-2,29%)
$SLNC (-3,01%)