Bitcoin outflows of $53 million helped snap a six-week run of inflows to digital asset investment products, according to CoinShares. 

The outflows began after bitcoin reached the $30,000 price plateau, which CoinShares suggests indicates that the most recent sell-off was "a result of profit-taking, particularly in the absence of any macro-economic triggers."

The previous four weeks had seen inflows of $310 million for the world's largest cryptocurrency by market cap.

Overall outflows for last week were $30 million as the price of bitcoin fell about 10%. 

(by Larry DiTore)