FILE PHOTO: Representations of the Bitcoin cryptocurrency are seen in this illustration picture taken June 7, 2021. REUTERS/Edgar Su/Illustration
NEW YORK (Reuters) - Bitcoin investment products and funds registered outflows for a second consecutive week, according to data from digital asset manager CoinShares released on Monday, highlighting investors' cautious sentiment on the cryptocurrency sector as prices continued to stall.
Bitcoin outflows hit $10.4 million in the week ended July 16, after outflows of $6.9 million the previous week. For the month of July, bitcoin outflows amounted to $15 million, though inflows for the year were still a robust $4.2 billion.
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