Global crypto investment products at asset managers such as Ark Invest, Bitwise, Fidelity, Grayscale, ProShares and 21Shares registered a third-consecutive week of net outflows totaling $435 million last week, according to CoinShares' latest report.

The figure is the largest since a record of nearly $1 billion in outflows was recorded during one week last month as bitcoin corrected after reaching its latest all-time high of $73,836 on March 14.

“Trading volumes in exchange-traded products fell to $11.8 billion last week compared to $18 billion the prior week, while bitcoin prices fell by 6%,” CoinShares Head of Research James Butterfill added. 

Grayscale’s outflows …