CoinShares: Digital asset investment products saw outflows of $454 million last week

Foresight News reports that CoinShares released its latest weekly report indicating that last week, digital asset investment products experienced a $454 million outflow. Over the past four days, a total of $1.3 billion has been withdrawn, nearly offsetting the $1.5 billion inflow in the first two days of this year. This reversal in market sentiment seems to be mainly driven by investors’ concerns about the Federal Reserve’s rate cut prospects in March, which in turn stem from recent macroeconomic data releases. Bitcoin saw a fund outflow of up to $405 million last week, while Ethereum experienced a total outflow of $116 million. Positive sentiment for XRP, Solana, and Sui continued, attracting $45.8 million, $32.8 million, and $7.6 million in inflows, respectively.