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.