While the institutional funds in the crypto money market went out for the 6th week in a row, the institutions turned to 2 altcoins.
In the data shared on the official blog page of Coinshares, institutional crypto money funds 6th week It was also stated that there was an exit. According to data this week 39 million dollars exited and a total of 6 weeks of fund exit 272 million reached dollars.
Volumes last week compared to 38% and on average 58% experiencing a decline expressed.
According to the data, the most money outflows 11.5 million while in Bitcoin with dollars, from the short Bitcoin fund $10.9 million It was stated that there was an outflow of money.
On the other hand, there was an outflow of money from all countries. Most money out 10.8 million the least money outflow from the USA with dollars 200 thousand with dollars took place from France.
on Ethereum 2 weeks out progress. Ethereum this week despite the low outflow of money last week 5.9 million dollar fund outflow.
The effect of the news feed?
While exiting almost all countries and all funds Ripple (XRP) And to Litecoin (LTC) It was noteworthy that there was an inflow of money. It is thought that this situation is due to the effect of the news flow.
Its price remains relatively stable, considering the long-running litigation with the U.S. Securities and Exchange Commission (SEC) has come to an end. $100,000 to Ripple money inflow occurred. Ripple vs SEC will triumph thinking investors rather than there are numbers.
on the other hand 65 days after which the halving will take place to Litecoin whereas 500 thousand dollar money inflow. On-chain analytics platform Glassnode, price of Litecoin below what it should be had stated.