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December’s Crypto Slide Cuts $17.7 Billion in ETP Value

  • The crypto market saw a $17.7 billion decline in the value of exchange-traded products (ETPs) in December.
  • Outflows from digital asset funds were primarily driven by cooling enthusiasm and market reactions to the Federal Reserve's decision to ease the federal funds rate.
  • While foreign markets experienced significant outflows, the US market saw inflows of $567 million, highlighting regional differences in investor sentiment.
  • Bitcoin emerged as the top performer with $375 million in inflows, despite its price decline, while the ETF industry celebrated a record-breaking year with $1.6 trillion in inflows.

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