Crypto Funds’ Weekly Outflows Reach $110M

The most recent update from CoinShares reveals that there were minor withdrawals from institutional investments in cryptocurrencies in the past seven days.

Published on April 15, the report titled “Digital Asset Fund Flows Weekly” states that there was a decrease in exposure to digital assets by institutional investors, resulting in total outflows of $126 million from crypto investment products in the past week.

Bitcoin saw the largest outflow, accounting for $110 million. CoinShares noted that this reflects hesitation among investors as the previous positive momentum faded.

In the month leading up to the recent outflows, inflows of $520 million were recorded in crypto funds, with over 99% going towards Bitcoin.

The report also shows an increase in weekly trading volumes of investment products from $17 billion to $21 billion in the week ending April 12.