Digital Asset Manager CoinShares recently published its report on weekly cash flows related to digital asset investment products. According to CoinShares’ report, there was a recorded fund outflow of $61.5 million last week from these products. In particular, Bitcoin-focused investment products experienced a $2.7 million fund outflow.
CoinShares Report
Most digital asset investment products recorded various amounts of fund outflows last week. However, products focused on XRP and Polygon saw minimal fund inflows. On the other hand, the total fund outflows recorded consecutively over seven weeks amounted to $329 million.
CoinShares, in its report, drew attention not only to these fund outflows from digital asset investment products but also to the declining trading volumes in the cryptocurrency market in recent weeks. It suggested that these outflows might be due to certain profit realizations.
What’s the Latest in the Cryptocurrency Market?
The leading cryptocurrency Bitcoin (BTC) 
$96,902 started the new week with a decline, recording a value loss of nearly 2% over the last 24-hour period, dropping to price levels of $27,750. With Bitcoin’s losses, the cryptocurrency market fell again. Ethereum (ETH) 
$3,319, which recorded a value loss of over 2% in the last 24 hours, started trading from $1870 price levels. The total market value of the cryptocurrency ecosystem, according to CMC data, has dropped to $1.13 trillion.
