According to a report by Coinshares, investors withdrew $62 million from crypto funds last week, resulting in a seven-week drawdown of $329 million. The withdrawals were driven by investors cashing in on short positions after a 56% rise in cryptocurrency prices over the last year. The largest outflows were seen on the Tron blockchain, but CoinShares head of research suggests this may be due to a withdrawal of seed capital rather than anything ominous. Despite consecutive pullbacks, Coinbase announced the launch of institutional-sized Bitcoin and Ethereum tracked futures contracts for its institutional clients, indicating that investors are still showing an appetite for digital assets.