Digital asset investment products experienced a significant outflow of $414 million last week, according to CoinShares. This shift comes as market expectations for the Federal Reserve's June meeting have moved from a rate cut to a potential rate hike. The global assets under management (AuM) fell to $129 billion, returning to levels seen in early February and reminiscent of the early stages of the 2025 tariff policies. Ethereum faced the most pressure, possibly linked to news surrounding the Clarity Act, with a net outflow of $222 million in a single week, bringing its year-to-date outflow to $273 million, the worst among all digital assets. Bitcoin saw a weekly net outflow of $194 million but still maintains a year-to-date net inflow of $964 million. Meanwhile, short Bitcoin products recorded an inflow of $4 million.