PANews reported on December 1st that, according to CoinShares' latest weekly report, digital asset investment products saw a total inflow of $1.06 billion last week, reversing four consecutive weeks of outflows (cumulative outflows reaching $5.7 billion). This shift in market sentiment stemmed from comments by Federal Open Market Committee (FOMC) member John Williams, who stated that monetary policy remains tight, boosting market expectations for an interest rate cut this month. Due to the Thanksgiving holiday, trading volume for digital asset ETPs this week was only $24 billion, a stark contrast to the record $56 billion trading volume of the previous week.

Bitcoin saw $461 million in inflows last week, as investors reversed previous expectations of further price declines, while short Bitcoin ETPs experienced $1.9 million in outflows. Ethereum also benefited from improved market sentiment, with $308 million in inflows last week. XRP recorded its largest single-week inflow ever, totaling $289 million, representing 29% of its assets under management (AuM) over the past six weeks, possibly related to the recent launch of US ETFs. Conversely, Cardano experienced $19.3 million in outflows, representing 23% of its AuM.