According to data shared by digital asset manager CoinShares, there was a net outflow of $7.5 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. last week 23 million dollar cash outflow This week, too, Coinshares 7.5 million dollar announced that there was an outflow of funds.
Unlike last week, this week, while there is an exit from the short Bitcoin fund, bitcoin The entry into the fund is considered to be an indication of the increasing belief of institutions that they are at “bottom” levels. Since the beginning of the year, with the entry this week, approximately 65% to Bitcoin, which lost value, in total in 2022 $333 million money inflow occurred.
While money inflows were seen in Bitcoin, Ethereum and many altcoins also experienced money outflows. However, at the end of the problems with the FTX bankruptcy, many institutional investors were worried about Solana (SOL). $200,000, In Polygon (MATIC) 300,000 dollars money inflow.
