Cryptocurrencies see outflows in final week of 2021 - CoinShares data


FILE PHOTO A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken October 19 2021. REUTERSEdgar SuFile Photo

FILE PHOTO: A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken October 19, 2021. REUTERS/Edgar Su/File Photo

(Reuters) - The final week of 2021 saw a third straight week of investment outflows from cryptocurrency funds, even as it capped a year of strong inflows into digital asset investment products, data from digital currency manager CoinShares showed.

Outflows from the sector totaled $32 million last week, taking the tally for the last three weeks to $260 million, although the trend was diminishing following record weekly outflows in mid-December, CoinShares said.

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