CoinShares, a digital assets manager, has reported that institutional investments in cryptocurrency products experienced outflows for the third consecutive week. According to the latest Digital Asset Fund Flows report from CoinShares, crypto investment products lost $435 million in outflows last week, marking the largest weekly outflows since the previous month. The report also highlighted that trading volumes in exchange-traded products (ETPs) dropped to $11.8 billion last week, compared to $18 billion the week before, while Bitcoin prices fell by 6%. Despite the outflows, the report mentioned that inflows for the year in the US remained at a record $13.6 billion. CoinShares noted that the majority of the outflows came from Grayscale, with $440 million leaving the platform, the lowest amount in nine weeks. In addition, the report pointed out that there has been a slowdown in inflows from new issuers, with only $126 million coming in last week, compared to $254 million the previous week. Regional outflows were seen in the US, Germany, and Canada, while Switzerland and Brazil experienced inflows of $4 million and $5 million, respectively. Bitcoin and Ethereum, the leading crypto assets by market cap, suffered outflows of $423 million and $38 million, respectively. On the other hand, Solana, Litecoin, and Chainlink saw inflows of $7 million, $4 million, and $3 million, respectively.