(Reuters) – The third consecutive week of cryptocurrency fund investment outflows occurred in the final week 2021, despite it capped a strong year of digital asset investments, according to data from CoinShares, a digital currency manager.

The sector saw outflows of $32million last week. This brings the total to $260M for the previous three weeks. But, CoinShares stated that the trend is diminishing after records-setting weekly outflows in December.

Inflows to 2021 total reached $9.3 Billion, an increase of 36% from 2020 due to the launch ETFs for bitcoin futures. This was a huge jump since big institutional investors were attracted by these ETFs. Comparatively, inflows rose by 806% between 2019 and 2020.

The year ended with $62.5 billion of assets under management, as compared to $2.8 billion at 2019, which James Butterfill, an investment strategist at CoinShares said. This “represents the maturing industry,” Butterfill stated.

The inflows to’s inflows more than doubled from $920m in 2020 to $1.3billion in 2021.

Bitcoin’s value has fallen by a third from Nov. 10, when it was at $69,000. Ether, which is the cryptocurrency for Ethereum, was last traded at $3800.20. This represents a drop of about 20% from November’s peak.

According to the latest research by Glassnode (a blockchain data provider), there is “a general lack activity in bitcoin” across many measures. This despite an underlying bullish tone in supply dynamics.

Additionally, bitcoins continued to move to increasingly liquid and dormant wallets while investor profitability is more bearish.

Glassnode explained that with a mix of bear and bull signals available, we expect continued consolidation into 2022.

CoinShares reported that the number of investment products containing coins increased from nine to fifteen in 2021 and 37 were launched in 2020. This is a sign of the popularity of digital assets.

Grayscale’s assets under management was $4.2 billion while Coinshares had $43.23 billion.