Exchange-traded index product AUM falls by $17 billion as cryptocurrency market corrects

The December cryptocurrency market correction saw total assets under management (AUM) for exchange-traded products (ETPs) fall by $17.7 billion.
On the 23rd (local time), CoinShares announced that the market correction for December
This had a major impact on digital asset investment products, causing ETP AUM to fall by $17.7 billion (approximately 2.7778 trillion yen).
CoinShares said it had "spent over $1 billion from digital asset funds between the 19th and 20th."
"There will be outflows, and this is likely a response to a slowdown in the pace of accommodative monetary policy next year," the Federal Reserve said on the 18th.
The Federal Open Market Committee (FOMC) lowered the benchmark interest rate by 25 basis points (0.25 percentage points) and adjusted the target range to 4.25% to 4.50%, the lowest since February 2023.
However, the revised outlook calls for a more cautious approach to future rate cuts, with two further cuts of 25 basis points expected by 2025.
This is down from the four times previously expected. Despite economic uncertainty and price corrections, the digital asset fund managed to stay afloat with a net inflow of $308 million.
Closing out the week, CoinShares said, "While the outflow may be of some concern, it represents just 0.37% of the cryptocurrency fund's total value."