Digital asset exchange-traded products (ETPs) experienced a net inflow of $716 million in the week ending December 6, according to CoinShares' latest report. This influx increased total assets under management to $180 billion. The United States led the inflows with $483 million, followed by Germany with $96.9 million and Canada with $80.7 million.
Bitcoin was the primary beneficiary, attracting $352 million, while XRP saw significant interest with $245 million in inflows. Chainlink also recorded a notable inflow of $52.8 million, accounting for 54% of its assets under management. Meanwhile, products shorting Bitcoin experienced substantial outflows, suggesting a decline in bearish market sentiment.
Digital Asset ETPs Attract $716 Million in Weekly Inflows, Led by Bitcoin and XRP
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
