Last week, digital asset investment funds experienced net outflows of $30 million for the first six-week period, according to a Report from CoinShares.

CoinShares reported that outflows started on April 14 when bitcoin ( BTC ) reached $30,000 for almost the first time since last year. This suggests the most recent sell-off is a result from profit-taking.

After a run of four weeks of bitcoin inflows, the total bitcoin outflows last week was $53 millions.

According to a report, Ether ( , ETH), had influxes of $17 millions, indicating investor confidence after the Shanghai network upgrade.

Sheldon Reback is the editor.