Crypto ETFs Record $1.1B Net Inflows in Week Ending Dec. 4, Highest in Seven Weeks
Cryptocurrency exchange-traded funds recorded $1.1 billion in net inflows for the week ending December 4, the highest weekly total in seven weeks, reversing a four-week stretch of $4.7 billion in outflows, KobeissiLetter reports. U.S.-listed crypto ETFs led with $994 million in inflows, followed by Canada at $98 million and Switzerland at $24 million, while Germany posted $57 million in outflows. Bitcoin products attracted $461 million in net inflows and Ethereum ETFs drew $308 million, as investors withdrew $1.9 billion from Bitcoin short ETPs during the period.