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

Foresight News reported that a certain exchange released its latest weekly report, stating that digital asset investment products experienced $454 million in outflows last week. Over the past four days, cumulative outflows reached $1.3 billion, almost completely offsetting the $1.5 billion in inflows from the first two days of this year. This reversal in market sentiment appears to be mainly driven by investors' concerns over the prospect of a Federal Reserve rate cut in March, which in turn stems from the recent release of macroeconomic data. Bitcoin saw outflows as high as $405 million last week, while Ethereum recorded total outflows of $116 million. Positive sentiment continued for XRP, Solana, and Sui, attracting inflows of $45.8 million, $32.8 million, and $7.6 million, respectively.