According to data shared by digital asset manager CoinShares, there was a net outflow of $30 million in the past week from institutional funds in the cryptocurrency market.
According to the data shared on the official blog of Coinshares, the decline in Bitcoin (BTC) slowed down, while institutional funds were removed. money outflow occurred. last week $8.3 million cash inflow This week, too, Coinshares 30 million dollars announced that there was an outflow of funds.
Transaction volumes in institutional funds, which were quite low last week, increased this week and in total $866 million transaction has been performed.
In total from Bitcoin funds 17.5 million dollar to the short Bitcoin fund while the outflow is observed $1.1 million There was a small inflow of money. If on Ethereum (ETH) While fund outflows have been going on for 5 weeks, this week $9.1 million money outflow. In addition, institutional investors were affected by the FTX collapse. Headed to Solana (SOL) and this altcoin has been experiencing money inflow for 5 weeks.
Many altcoins such as Bitcoin and Ethereum also experienced money outflows. However, at the end of the problems experienced with the FTX bankruptcy, many institutional investors were worried about Solana. Money in 4 weeks is happening. To Solana this week too 700 thousand dollars from Ripple (XRP) while incoming money 300 thousand dollars cash out took place.
