Digital asset funds faced $454 million in outflows this week—a tough setback after riding a four-day winning streak that pulled in $1.3 billion. The momentum was strong, but here's the catch: that surge barely dents the year-to-date picture anymore. With $1.5 billion in cumulative inflows so far, the week's headwind is starting to matter. What's the real culprit? Cooling bets on March Fed rate cuts. As expectations for aggressive monetary easing fade, capital's getting more cautious. Fund managers are recalibrating positions, and investors are taking profits. The crypto market moves in cycles tied to macro policy signals—when the Fed narrative shifts, money follows.