Digital asset investment products experienced a net outflow of $454 million last week, according to CoinShares' latest report. This marks a significant shift, with a cumulative outflow of $1.3 billion over the past four days, nearly negating the $1.5 billion net inflow seen at the year's start. The outflows are attributed to diminishing expectations of a Federal Reserve interest rate cut in March.
The U.S. market was the most affected, with a net outflow of $569 million. In contrast, Germany, Canada, and Switzerland saw inflows of $58.9 million, $24.5 million, and $21 million, respectively. Bitcoin and Ethereum were hit hardest, with outflows of $405 million and $116 million. Meanwhile, Solana, XRP, and Sui recorded inflows of $32.8 million, $45.8 million, and $7.6 million, respectively.
Digital Asset Investment Products Face $454 Million Outflow Amid Fed Rate Concerns
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