CoinShares, a digital assets manager, has reported that institutional investments in cryptocurrency products experienced their third consecutive week of outflows. According to CoinShares’ Digital Asset Fund Flows report, crypto investment products saw $435 million in outflows last week, marking the largest weekly outflows since the previous month. The report also highlights that trading volumes in exchange-traded products (ETPs) decreased to $11.8 billion, compared to $18 billion the previous week, while Bitcoin prices dropped by 6%. In terms of regional outflows, the US accounted for $388 million, although inflows for the year remain at a record $13.6 billion. The majority of the outflows were from Grayscale, with $440 million leaving the firm, the lowest level in nine weeks. Additionally, inflows from new issuers slowed down, with only $126 million invested last week compared to $254 million the previous week. Germany and Canada also experienced regional outflows, while Switzerland and Brazil saw inflows of $4 million and $5 million, respectively. Bitcoin and Ethereum suffered outflows of $423 million and $38 million, respectively, while Solana, Litecoin, and Chainlink enjoyed $7 million, $4 million, and $3 million in inflows.