Bitcoin Records a Record Outflow of 141 Million Dollars in a Week

Data from cryptocurrency management CoinShares released Monday showed that bitcoin funds and products saw a record outflow of inflows last week as investors remained wary of the world’s largest cryptocurrency.

Bitcoin outflows amounted to $141 million in the week ending June 4th, representing 8.3% of the net inflows it attracted this year.

Since the beginning of the year, Bitcoin continues to show an inflow of $4.2 billion.

The data showed that the cryptocurrency sector as a whole suffered an outflow of $94.2 million last week.

Bitcoin has fallen over the course of May by about 35.4%, and since the beginning of June, Bitcoin has fallen by 4.8%.

In contrast, Ether, the second-largest cryptocurrency, continued to attract inflows of $33 million last week.

Since the beginning of the year, inflows to Ether products and funds totaled $1 billion.