Last week, there was a significant inflow of $308 million into digital asset investment products, but this was overshadowed by a major outflow of $576 million on December 19th. The last two days of the week saw total outflows of $1 billion. The recent price declines resulted in a $17.7 billion drop in total assets under management for Digital Asset ETPs, partly influenced by the Federal Reserve's hawkish stance. While these outflows are significant, they only represent 0.37% of total assets under management and rank as the 13th largest single-day outflow in history. Bitcoin had net inflows of $375 million, indicating strong market sentiment. XRP led the altcoin inflows with $8.8 million. The US had the largest digital asset inflows, followed by Brazil and Australia. Switzerland had the most outflows during this period.



Other News from Today