Cryptocurrency products and funds received $184 million in net inflows as of last week, data from digital asset manager CoinShares showed on Monday.

Friday's price weakness, however, did lead to $40 million outflows that day, CoinShares said. For the year, total inflows amounted $9.1 billion, slightly below the record peak of $9.5 two weeks ago.

Traders said the weekend fall in prices was connected to a broad move away from riskier assets in traditional markets on worries about the Omicron coronavirus variant.

"The crypto markets have become very volatile. The Omicron variant and pressure on the TradFi (traditional finance) markets also seem to affect bitcoin," said Ruud Feltkamp, chief executive officer at automated trading bot Cryptohopper.

Bitcoin was last down 0.8% at $49,093 . Since a record peak of $69,000 hit on Nov. 19, bitcoin has plunged 32%.

CoinShares also noted that bitcoin volume rose to $15 billion last Friday, higher than the typical $8 billion per day average for November and December.

Ethereum saw inflows as well totalling $25 million, but, like bitcoin, saw minor outflows of $4.7 million last Friday.

Polkadot, the coin that facilitates different blockchains to inter-operate, saw outflows of $3 million last week, with the majority of those outflows coming in the latter half of the week.

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