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23 June 2021

Record $141M outflow from Bitcoin products signals institutions are bearish on BTC: CoinShares

Record $141M outflow from Bitcoin products signals institutions are bearish on BTC: CoinShares


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According to CoinShares’ June 7 Digital Asset Fund Flows Weeklyreport, institutional investors are continuing to reduce Bitcoin exposure, with BTC investment products seeing a record outflow of $141 million this past week.

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.

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cointelegraph.com
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