While the exit from institutional funds in the crypto money market was seen for the 7th week in a row, it was noteworthy that the institutions concentrated on Ripple (XRP).
In the data shared on the official blog page of Coinshares, institutional crypto money funds week 7 It was also stated that there was an exit. According to data this week 61 million dollars output and total 7 weeks old fund outflow 330 million reached dollars. Volumes in institutional funds compared to the cryptocurrency market in parallel decreased and compared to the average 60% was reported to have regressed.
According to the data, the most money outflows 51 million in dollars on TRON (TRX) while total managed asset (AuM) 70% of It didn’t go unnoticed that he came out. According to Coinshares, such a large outflow from the fund to get away a company that decides to withdraw its capital, not investors. from the investment product provider originates.
from germany 62 million considered to be associated with this investment product provider at the exit Switzerland And in Brazil small investment funds amount of money was the entry.
in bitcoin 2.7 million while the exits with dollars continue short bitcoin from the fund in $6.3 million It was noteworthy that there was an outflow of money. Money outflow in Ethereum 3rd week stretched out. This week on Ethereum 2.7 million dollar cash outflow.
While money outflows were experienced from almost all funds, the inflow of money to Ripple (XRP) and Polygon (MATIC) excited investors. on Ripple 600 thousand dollars It is thought that the inflow of money is due to the effect of the news flow. in Polygon 400 thousand dollars fund inflow was observed.
