Digital asset investment products experienced significant outflows totaling $584 million last week, with a focus on Bitcoin and Ethereum facing withdrawals of $630 million and $58 million, respectively. Despite the negative sentiment, investors did not increase short positions for Bitcoin. Multi-asset products saw inflows of $98 million, indicating a perceived buying opportunity in the altcoin market. Various altcoins like Solana, Litecoin, and Polygon received notable inflows, reinforcing investor interest in alternatives. The outflows were driven by investor pessimism regarding potential Federal Reserve interest rate cuts, impacting global markets from the U.S. to Canada, with exceptions like Switzerland and Brazil experiencing inflows. Market experts anticipate positive trends, especially with the forthcoming launch of an Ethereum Spot ETF on July 2nd.