Despite price corrections, digital asset funds closed the week with positive net flows totaling $308 million.
The recent market correction in December has had a significant impact on digital asset investment products, with total assets under management for exchange-traded products (ETPs) plunging by $17.7 billion.
According to a Dec. 23 analysis from CoinShares, digital asset funds saw over $1 billion in outflows between Dec. 19 and 20, likely in response to a slower pace of monetary easing in the coming year.
On Dec. 18, the Federal Open Market Committee (FOMC) of the United States Federal Reserve reduced the federal funds rate by 25 basis points, bringing it to a target range of 4.25%–4.50% — the lowest since February 2023.
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