According to the latest issue of CoinShares's weekly "Digital Asset Fund Flow", from June 20th to June 24th, Canadian investors sold off digital asset products worth up to $487.5 million.

Last week's total outflow of funds was partially offset by the inflow of 70 million dollars from other countries, of which American investors accounted for more than half of the inflow of funds with 41 million dollars.

Outside the United States, investors from Germany and Switzerland brought in US$ 11 million and US$ 10.4 million respectively. In contrast, investors from Brazil and Australia also invested 1.6 million dollars and 1.4 million dollars respectively.

Overall, the total outflow of funds is 422.8 million USD, which is the largest weekly outflow of funds from institutional investors since CoinShares records began. It is worth noting that this figure is more than twice the record of $198 million set in January this year.

"As far as the region is concerned, the outflow of funds is almost entirely from Canadian exchanges and a specific provider. The outflow of funds occurred on June 17th, but it was reflected in last week's data due to the lag of the transaction report, and this may be the reason why Bitcoin fell to $17,760 that weekend. "