Coinshares: Cryptocurrencies are experiencing an outflow of inflows for the second week in a row



/FW1F/Andrew Heavens

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Data from Coinshares, a digital currency management company, showed today, Monday, that cryptocurrency funds and products experienced an outflow of inflows for the second week in a row.

The data indicated that the “ether” currency recorded a record exodus of inflows, with institutional investors taking a step back.

Total outflows from cryptocurrency totaled $21 million in the week ending June 11. Since mid-May, the total displaced flows amounted to $267 million, representing 0.6 percent of the total assets under management.

Ether recorded the largest share of outflows last week, amounting to $12.7 million.

Coinshares data indicated that outflows of bitcoin inflows fell last week to $10 million, well below the previous week’s record high of $141 million.

Source: “Reuters”


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