CoinShares’ report noted that Bitcoin outflows rose last week, while trading volume for spot BTC ETFs totaled $11.8 billion.
The latest report from European cryptocurrency investment firm CoinShares shows that there were minor outflows from institutional Bitcoin (BTC) investment products over the past 7 days.
According to CoinShares’ “Digital Asset Fund Flows Weekly” report published on Jan. 22, institutional investors are reducing Bitcoin exposure, with BTC investment products seeing total outflows of $24.7 million this past week.
The data follows heavy selling amid spot Bitcoin ETF-driven crypto market meltdown, with institutions having withdrawn nearly $21 million from crypto products between Jan. 11 and May 19 before outflows briefly slowed toward the end of last week.
