Investment products in cryptocurrencies failed to extend their bullish streak last week due to the decline in spot prices.

Global exchange-traded products (ETPs) recorded outflows worth USD 812 million in the week up to Friday, ending a two-week streak of inflows, according to CoinShares reported on Monday.

Total assets under management (AUM) fell to USD 221,000 million from the record USD 241,000 million of the previous week, likely due to the loss of confidence in interest rate cuts in the U.S., according to CoinShares' head of research, James Butterfill.