by Rushali 
According to a new report from CoinShares who is a fund provider, has indicated that during the recent downtrend of Bitcoins, some institutional investors are realizing profits.
CoinShares’ weekly digital asset flows data says, in the past week $85 million in outflows from institutional crypto products. The report says, “some investors are continuing to take profits after [BTC’s] strong price appreciation.”
The report also said that the rising U.S. dollar, stating the USD index “is typically inversely correlated to Bitcoin prices,” and this could be the reason why some investors are taking profits at the current levels. The firm has also suggested an outflow of ETH assets with $3 million leaving the markets.
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But after this outflow and profit-taking, institutional inflows remain strong, with $359 million flooded into crypto investment products this week. Institutions still only focused on BTC, with Bitcoin products representing all but 1% of the week’s total capital flows.
Coinshares says that that crypto inflows have returned to their pre-Christmas levels, after the holidays which dropped to 97%. If we go on a year-to-year basis then daily volumes are up by 450%.
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Institutional products currently represent 6% of the combined Bitcoin volume, which was 14% at the starting of this month.
Recently many major global companies filling their treasuries with BTC. Last month, Chicago Mercantile Exchange announced last month that it plans to launch cash-settled Ethereum futures contracts in early February, pending regulatory approval.
On Jan. 20, Ninepoint Partners had filed its final prospectus for a Bitcoin Trust approved by the Toronto Stock Exchange.
