CoinShares report: Digital asset investment products shed $454 million last week

According to CoinShares' latest weekly report, the outflow of funds from digital asset investment products reached $454 million last week, with a cumulative outflow of $1.3 billion over the past four days, almost offsetting the $1.5 billion inflow in the first two days of this year. The reversal of market sentiment is mainly due to investors' concerns about the prospect of the Federal Reserve's March interest rate cut, influenced by recent macroeconomic data. Bitcoin outflow of $405 million, Ethereum outflow of $116 million, XRP, Solana, and Sui attracted inflows of $45.8 million, $32.8 million, and $7.6 million, respectively.