CoinShares: Digital asset investment products saw net inflows of $1.07 billion last week

On December 1, according to statistics from CoinShares, digital asset exchange-traded products (ETPs) recorded $1.07 billion in inflows last week, ending a previous four-week streak of outflows totaling $5.7 billion. The shift in market sentiment was mainly driven by comments from Federal Open Market Committee member John Williams, who stated that monetary policy remains restrictive, thereby increasing expectations of a rate cut this month. The US market led the way with nearly $1 billion in inflows, while Canada and Switzerland saw inflows of $97.6 million and $23.6 million, respectively. Germany was the only major market to experience outflows, with $57.3 million withdrawn. In terms of specific cryptocurrencies, Bitcoin saw inflows of $461 million, Ethereum had $308 million in inflows, and XRP set a new weekly inflow record at $289 million.