Data from Coinshares, a digital asset management company, showed, on Monday, that crypto funds and products witnessed an outflow of capital inflows at the beginning of the second half of the year, with the atmosphere of caution continuing amid Summer stagnation in transactions.
A net $4 million in digital assets exited in the week to July 9, which was the quietest trading week since October 2020. The pair came two weeks later. Two consecutive digital assets polarization flows.
Bitcoin (BTC), the world's most popular digital currency, recorded an outflow of $7 million last week. But it has attracted net inflows of $4.2 billion since the beginning of the year.
Although it stumbled, Bitcoin prices posted gains of about 14% in 2021.
The cryptocurrency Ether (ETH) saw a modest outflow of $800,000 last week. But it attracted net inflows this year with a total value of $961 million.
