TechFlow news, according to the latest report from CoinShares, digital asset investment products experienced outflows for the second consecutive week, totaling $584 million, bringing cumulative outflows to $1.2 billion. The trend is attributed to investor pessimism regarding expectations of Federal Reserve rate cuts this year.
Bitcoin was the most affected asset, seeing outflows of $630 million in a single week; Ethereum also suffered outflows of $58 million. Nevertheless, some altcoins recorded inflows following recent price weakness, with Solana, Litecoin, and Polygon attracting $2.7 million, $1.3 million, and $1 million respectively. Multi-asset products defied the trend, recording $98 million in inflows, indicating investors view recent weakness in the altcoin market as a buying opportunity.
