Investment products for digital assets attracted fresh funds totaling USD 1.07 billion last week. After four weeks of cumulative outflows of USD 5.7 billion, this indicates a noticeable turnaround in sentiment. This was triggered by FOMC member John Williams' assessment that monetary policy would remain restrictive for the time being - a signal that fueled expectations of an interest rate cut before the end of the month.
Trading activity, on the other hand, was subdued: Due to the Thanksgiving holiday, weekly trading volumes of ETPs on digital assets amounted to just USD 24 billion. In the previous week, a record value of USD 56 billion had been achieved.
Despite the holiday break, the United States recorded inflows totaling USD 994 million, flanked by a further USD 97.6 million from Canada and USD 23.6 million from Switzerland. Germany, on the other hand, was one of the few markets with outflows, which amounted to USD 57.3 million.
