Bitcoin Flows Hit a Record

Data released by CoinShares today showed that bitcoin funds and products posted record inflows last week as investors continued to take a cautious look at the world's largest cryptocurrency. Bitcoin outflows reached $141 million in the week ending June 4, which is 8.3% of this year's net inflows so far this year as Bitcoin continues to show net inflows of $4.2 billion.

The data showed that the cryptocurrency sector in general suffered from outflows of $94.2 million last week, and the weekly trading volume of the digital asset product on Bitcoin fell 62% compared to last month.