REUTERS/Edgar Su/IllustrationCryptocurrency investment products and funds saw outflows for a second straight week, with ether posting record outflows as institutional investors took a step back, data from digital asset manager CoinShares showed on Monday.
Ether, the token used in the Ethereum blockchain, posted its largest outflow last week of $12.7 million, data showed.
The outflows in bitcoin cooled last week to $10 million, significantly lower than the previous record week of $141 million, CoinShares data showed.
Grayscale, the largest digital currency manager, raised its AUM to $33.04 billion last week, from $30.3 billion the previous week.
CoinShares, the second biggest digital asset manager, saw AUM slip to $3.8 billion, from nearly $4 billion the week before.
Edgar Su, CoinShares, outflows, Elon Musk, Tesla, bitcoin, Dan Morehead
REUTERS, Pantera, Thomson