CoinShares Reports on Record Bitcoin Fund Outflows
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8 June
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Between May 28 and June 4, fund outflows from Bitcoin-based investment products amounted to a record $141 million, according to data from digital asset management firm CoinShares.

The value is equivalent to 8.3% of the net inflows to these funds in 2021.

Taking into account investment products based on other cryptocurrencies, the outflow of funds seen last week amounts to $94 million. CoinShares said:

"Digital asset investment product trading volumes highlight investors remain cautious in Bitcoin with weekly volumes having fallen 62%. This has also been seen on credible cryptocurrency exchanges, where trading activity has halved."

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At the same time, the inflow of funds into Ethereum funds amounts to $33 million, while the figure exceeds $1 billion since the beginning of the year.

The volume of funds in XRP-based products has increased by $7 million, while in the case of Cardano it has risen by $4.5 million.

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