Crypto Assets Saw an Outflow of Capital at The Beginning of H2

Data from digital asset management Coinshares showed on Monday that crypto funds and products saw an outflow of capital at the start of the second half of the year, with an atmosphere of caution continuing amid a summer slump in trading.

There were net inflows of $4 million from digital assets over the week ending July 9, which was the quietest week for trading since October 2020.

The inflows pair came after two consecutive weeks of inflows from digital assets.

Bitcoin, 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 start of the year.

Despite its faltering, Bitcoin prices recorded a gain of about 14 percent in 2021.

Cryptocurrency Ether saw a modest outflow of $800,000 last week.

But it attracted net inflows this year with a total value of $961 million.