Based on the CoinShares Weekly Money Flow Report, digital asset investments experienced a net outflow of $72.1 million in the previous week. Notably, there was a net outflow of $46 million from bitcoin investments, while short bitcoin products, which bet on declining bitcoin prices, saw a net outflow of $7.8 million. Additionally, Ethereum commodities witnessed a net outflow of $19 million. This marks the largest outflow for Ethereum products since the merge (PoS conversion) upgrade took place in September of the previous year. CoinShares attributed this increase in outflows to concerns regarding potential interest rate hikes by the US Federal Reserve.

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