Crypto friendly bank last week silvergate The events on the front led to a decline in the crypto money sector.
Over $25,000 in mid-February Bitcoin (BTC) After the events, it fell to the limit of 22,000 dollars.
In the face of these declines, outflows were seen in mutual funds based on cryptocurrencies last week.
Weekly cryptocurrency issuer of the report Coinsharessaid last week that $ 17 million out of crypto funds.
According to this weekly data, institutional investors recorded fund outflows for the fourth week in a row.
Looking at crypto funds individually, it was seen that the majority of fund outflows were in Bitcoin.
According to the table, it was seen that the outflows in Bitcoin were 20.1 million.
Unlike Bitcoin exits BTCindexed to the decline of Bitcoin Short fund It was stated that there was a significant amount of entry. Accordingly, the Bitcoin Short fund registered an inflow of $ 1.8 million last week.
The fact that Bitcoin short products entered close to 2 million dollars was interpreted as high expectations for a decrease in Bitcoin price.
still the biggest altcoin on Ethereum (ETH) and $0.7 million, in Solana (LEFT) 0.3 million dollars inflow was seen.
Looking at regional fund outflows, Germany ranked first with $13.6 million, followed by Switzerland with $6.5 million.
Against these outflows, it was seen that there were inflows of 7.6 million dollars in the USA and 0.1 million dollars in France.
*Not investment advice.
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