As Cointelegraph reported, the market correction in December caused the total assets under management of digital asset investment products to drop by $17.7 billion.
Analysis by CoinShares shows that digital asset funds saw outflows of more than $1 billion between December 19 and 20, possibly in response to a slower pace of future monetary easing.
On December 18, the Federal Open Market Committee cut the federal funds rate by 25 basis points to a target range of 4.25%-4.50%.
Despite economic uncertainty and price corrections, digital asset funds saw net inflows of $308 million this week. CoinShares reports that outflows accounted for only 0.37% of the total value of crypto funds.
In the past week, outflows from Germany, Sweden and Switzerland totaled $212 million, while the Canadian market saw outflows of $60 million.
The United States received inflows of $567 million, while Brazil and Australia received inflows of $16 million and $10 million, respectively.
Bitcoin attracted $375 million in inflows this week, and Ethereum funds received $51 million in inflows. Multi-asset products saw outflows of $121.4 million, and Solana funds saw outflows of $8.7 million.
