According to data shared by digital asset manager CoinShares, there was a net outflow of $23 million from institutional funds in the cryptocurrency market over the past week.
According to the data shared on the official blog of Coinshares, while the decline in Bitcoin (BTC) slows down, money outflow from institutional funds continues. Happened last week 23 million dollar cash outflow reported Coinshares, this is the last Highest output in 12 weeks stated that.
From another perspective, the outputs The reason it stays at $23 million There has been an entry into the short Bitcoin fund. Short Bitcoin fund 9.2 million dollars money inflow. In short, institutions think that the decline in cryptocurrencies is still not over.
Despite the debut last week, since the beginning of the year 65% to Bitcoin, which lost value, in total in 2022 $322 million money inflow occurred.
In the shared data, it was announced that the most fund outflow was experienced in Bitcoin, while it was stated that money outflows were generally seen from altcoins.
Solana (SOL), which has seen the most money outflow in the past weeks, received money this week. SOL, which many institutional investors were uneasy at the end of the problems experienced with the FTX bankruptcy, single money inflow this week became altcoins.
In addition, although there has been a general exit in the past weeks, there is still a money inflow. on Ethereum (ETH) also this week money out it happened.
