As Outflows from Institutional Bitcoin and Altcoin Funds Continue, Short Positions Increased!

Bitcoin While maintaining $25,000 CoinShares published its weekly cryptocurrency report.

CoinShares, cryptocurrency He stated that their products had outflows of 59.3 million dollars last week.

“Cryptocurrency investment products saw a total of $59M outflows last week, and total outflows have now reached $294M.”

When looking at crypto funds individually, the majority of fund outflows ‘Bitcoin’It was also seen that there was.

BTCthe largest altcoin with an outflow of $68.9 million last week in Ethereum (ETH) 4.8 million dollars, in Solana (SOL) An outflow of $1.1 million was seen.

Indexed to the decline of BTC Bitcoin Short There was an inflow of 15.2 million dollars in the fund.

In response to last week’s outbursts XRP It had an inflow of $0.7 million.

“Bitcoin was the hardest hit, seeing $69 million outflows last week, while the Bitcoin short fund saw its largest single-week inflow totaling $15 million since March 2023.”

When looking at regional fund inflows and outflows, it was seen that there was a general outflow in countries.

Germany ranked first with a fund outflow of $20 million, while Canada ranked second with $17.6 million, while the United States was third with $12.3 million.

Germany, Canada and the USA were followed by Switzerland with 7.4 million dollars; Sweden followed with $2.3 million.

Against these outflows, Brazil experienced an inflow of 0.1 million dollars.

*Not investment advice.

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