According to data shared by digital asset manager CoinShares, there was a net outflow of $5 million from institutional funds in the cryptocurrency market over the past week.
In the data shared on the official blog page of Coinshares, Low I/O lately said to continue. Also this week $5 million exit Total fund outflow in 9 weeks, together with It reached $80 million.
Despite the general outflow of funds, CoinShares, stating that there has been money inflow to Bitcoin for 4 weeks, announced that a record outflow was seen from short Bitcoin funds.
Considering this data of CoinShares, we can say that institutional investors are expecting a rise in Bitcoin price.
While there was an inflow of 11.7 million dollars into Bitcoin last week, there was an outflow of 14.7 million dollars from the short Bitcoin fund. There has also been an outflow in other cryptocurrencies. There was a small outflow of money from Ethereum and other altcoins, worth a total of $2.8 million. $2.2 million from Ethereum, $200,000 from Solana and $100k from Ripple money outflow.
last week total 2.2 Having experienced a million-dollar fund outflow, Ethereum continues to be one of the investment products with the most outflows since the beginning of the year.
