Cryptocurrencies see outflows in final week of 2021 – CoinShares data

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Reuters UK

(Reuters) – The final week of 2021 saw a third straight week of investment outflows from cryptocurrency funds, even as it capped a year of strong inflows into digital asset investment products, data from digital currency manager CoinShares showed. Outflows from the sector totaled $32 million last week, taking the tally for the last three weeks to $260 million, although the trend was diminishing following record weekly outflows in mid-December, CoinShares said. For 2021 as a whole inflows hit $9.3 billion, a 36% jump from 2020 as the launch of bitcoin futures ETFs lured big institutional invest…

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