Institutional Wind Continues to Blow Backwards in Bitcoin and Ethereum: “BTC and ETH Sales, Purchases Increased in These 3 Altcoins!”

Leader cryptocurrency Bitcoin While it is still trying to recover after the declines it experienced, it continues to trade in a narrow range.

Investors BTC And altcoinWhile we expect a big rise in the coming months, CoinShares has published its weekly cryptocurrency report.

Cryptocurrency investment products Stating that it experienced an outflow of $435 million last week, Coinshares said that the outflows continued for the third week in a row.

“Cryptocurrency investment products saw outflows totaling $435 million for the third week in a row, the largest outflow since March of this year.”

Bitcoin (BTC) and Ethereum (ETH) Sales Continue!

When looking at crypto funds individually, the majority of fund outflows BitcoinIt was seen that it was in .

BTC is the largest altcoin while experiencing an outflow of $ 423 million Also in Ethereum (ETH) An outflow of 38.4 million dollars was seen.

There was an inflow of $1.3 million in the Bitcoin Short fund, which was indexed to the decline of BTC.

When we look at other altcoins Litecoin (LTC) 3.1 million dollars, Polkadot (DOT) 0.5 million dollars, Solana (LEFT) $4.0 million, Chainlink (LINK) had an outflow of 2.8 million dollars.

“The outflows were focused solely on Bitcoin and Ethereum, which saw $423 million and $38 million respectively.

A wide range of altcoins saw inflows, with $7 million inflows seen as investors opted for multi-coin investment products.

Favorite altcoins such as Solana, Litecoin, and Chainlink continued to see inflows of $4 million, $3 million, and $2.8 million respectively.”

When looking at regional fund inflows and outflows, it was seen that the USA ranked first with an outflow of 488 million dollars.

After the USA, Canada ranked second with 32.1 million dollars.

*This is not investment advice.