According to TechFlow, the latest report released by CoinShares shows that digital asset investment products have experienced capital outflows for the second consecutive week, totaling $584 million, bringing the total outflow to $1.2 billion. Analysts believe that this phenomenon is mainly due to investors' pessimism about the Fed's expectations of a rate cut this year.

Bitcoin was the main asset affected, with outflows of $630 million in a single week; Ethereum was also not spared, with outflows of $58 million. Nevertheless, some altcoins recorded inflows after recent price weakness, with Solana, Litecoin, and Polygon receiving inflows of $2.7 million, $1.3 million, and $1 million, respectively. Multi-asset products bucked the trend, recording inflows of $98 million, indicating that investors viewed weakness in the altcoin market as a buying opportunity.