Coinshares Flow Report: Institutional outflows slow for Bitcoin, while Ether sees record outflows

According to data from digital asset management firm Coinshares, the net outflow of funds from Bitcoin investment products in the digital asset investment market last week has shown signs of slowing down, but the net outflow of funds from Ethereum has reached a peak.

Institutional Fund Outflows Slow Down

According to the weekly fund flows report by Coinshares, digital asset investment products saw a net outflow of $21 million last week, bringing the total outflows since mid-May to $267 million, approximately 0.6% of assets under management (AUM). Despite a decrease in investor confidence in the cryptocurrency market over the past month, Coinshares noted that the outflows were not significant considering the $5.8 billion inflows seen this year (13% of AUM).

Coinshares' weekly fund flows report gathers data from ETPs, mutual funds, and OTC trust products involving Bitcoin, Ethereum, and other digital assets, focusing on the flow of funds from traditional financial markets and institutional investors.

The report highlighted a slowdown in Bitcoin outflows compared to the previous week, totaling $10 million, significantly lower than the $141 million outflows the week before. Additionally, Bitcoin investment products saw a 43% increase in trading activity in traditional financial markets. However, Ethereum did not perform as well last week, marking its largest outflow on record at $12.7 million.