Currency Economy

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

Cryptocurrency2 minutes ago (Jun 07, 2021 11:40PM ET)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

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.Capital flows for crypto investment products: CoinShares

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