<p><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDkvNGYwOWQyY2UtNmExYi00ZDAwLTllNGMtNTRhYTA4N2FhMDI3LmpwZw==.jpg"></p><p>CoinShares' head of research James Butterfill said the outflows come despite "the improved certainty of the Merge."</p>