The bearish sentiment among institutional investors in the crypto markets seems to be cooling. However, recently, there have been millions of dollars outflows from BTC and altcoin investment products. cryptocoin.com We have compiled the details for you, let’s examine the subject together…
CoinShares: BTC and altcoin investment products are exiting!
According to digital asset manager CoinShares, crypto investment products saw an outflow of $73,000,000 last week, marking the fifth week in a row. CoinShares adds the following to its explanations on the subject:
Exits from digital asset investment products broke a record weekly total of US$73 million, with a total of US$532 million in the fifth week of these exits.
Bitcoin (BTC), the largest cryptocurrency by market value, experienced the heaviest outflows among institutional investors. CoinShares adds the following to its explanations on the subject:
Bitcoin has seen a total of $55 million in outflows in four of the last five weeks, for a total of $317 million.
Big hands go in and out of these 4 altcoins!
Leading altcoin Ethereum (ETH) has felt the sting of the $30,000,000 exits last week. Recent exits in digital asset investment products have been heavy, but seem to be calming down after a $207 million sale last week. A cryptocurrency, on the other hand, was relatively unaffected by the outflows in recent weeks. Despite the overall bearish trend, Solana (SOL) has only had two weeks of ups and downs in the past three months.
Solana remains an investor favorite, with $5.4 million in inflows last week and has only seen two weeks of exits since August 2021. ETH, BNB, and DOT are among the exiting altcoins. LTC, SOL, ADA and XRP are among the altcoins that are experiencing entry.
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