TechFlow news, December 1: According to CoinShares statistics, digital asset exchange-traded products (ETPs) recorded $1.07 billion in inflows last week, ending four consecutive weeks of outflows totaling $5.7 billion. The shift in market sentiment was primarily driven by comments from Federal Open Market Committee member John Williams on the restrictive nature of current monetary policy, boosting expectations for a rate cut this month.
The U.S. market led gains with nearly $1 billion in inflows, while Canada and Switzerland saw $97.6 million and $23.6 million in inflows respectively. Germany experienced $57.3 million in outflows.
By specific assets, Bitcoin saw $461 million in inflows, Ethereum $308 million. XRP set a weekly inflow record at $289 million.
