Outflows from Bitcoin-based investment products from May 28 to June 4 totaled a record $141 million, according to digital asset management firm CoinShares.
That represents 8.3% of net inflows into similar funds this year.
Including products based on other cryptocurrencies, outflows for the latest reporting week totaled $94 million.
“The drop in trading volumes of Bitcoin-based products by 62% versus April indicates investor caution. This was reflected in even the most trusted cryptocurrency exchanges, where trading activity halved,” CoinShares said.
Outflows into Ethereum funds totaled $33 million, with year-to-date inflows exceeding $1 billion. Outflows from XRP-based products rose by $7 million, and those based on Cardano by $4.5 million.
Earlier, CoinShares secured listings of three exchange-traded products based on Bitcoin, Ethereum and Litecoin on the Xetra trading platform of Deutsche Börse.
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