Weekly outflows from institutional Bitcoin products have hit an all-time of $141 million, while trade volume is also down 62% compared to May.
The latest report from analytics firm CoinShares shows that outflows from institutional BTC investment products continue to surge.
According to CoinShares’ June 7 Digital Asset Fund Flows Weekly report, institutional investors are continuing to reduce Bitcoin exposure, with BTC investment products seeing a record outflow of $141 million this past week.
Since the start of 2021, more than $4. 2 billion in capital has flowed into Bitcoin products, with BTC current representing 65. 9% of all capital locked in crypto investment products.
The declining institutional demand for BTC has again coincided with increasing institutional appetites for Ethereum — with Ether representing more than 26. 8% of the combined assets under management (AUM) currently locked in crypto investment products after receiving inflows of $33 million this past week.
