While Bitcoin (BTC) recovered after regressing to the $19,000 band during the week, a net outflow of $255 million was seen from institutional funds in the crypto money market.
In the data shared on Coinshares’ official blog page, net from institutional funds $255 million exit in the last 24-hour period, while it is stated that close to 15% from the funds of Bitcoin that gained value Net output of $243 million was stated.
Looking at the performance of Bitcoin in the last 24-hour period, it seems that institutional investors were wrong this week. While the most money outflow was in Bitcoin this week, the short Bitcoin fund 1.2 million dollars cash outflow.
On the other hand, from Ethereum (ETH) 11 million dollars, from Litecoin (LTC) 300 thousand while the dollar is out of money On Solana (SOL), Ripple (XRP), and Polygon (MATIC) small amounts of money were received.
CoinShares, 244 million While he states that the $ outflow is the largest ever fund outflow, compared to all assets managed (AuM), it is the same as in May 2019. 51 million He underlined that it is smaller than the exit.
Bitcoin at the time of writing, according to CoinGecko data from $23,511 is being traded.
