According to data shared by digital asset manager CoinShares, there was a net 47 million dollars from institutional funds in the cryptocurrency market in the past week. dollar money was out.
Between 7-13 March $110 million exit followed by the money outflow for the second week in a row.
CoinShares recently announced on Medium on March 21 that negative weather, between Ukraine and Russia of war polemic and geopolitical reasons of the tension he thinks this affects the outflow of money.
from bitcoin last week 32.8 million dollars, from Ethereum 16.6 million dollars There was an outflow, but most altcoins saw inflows last week. $1.1 million to Ripple, $800k to Polkadot and $700k to Solana fund has been received.
Bitcoin this year experienced the second biggest exit of this year with $ 33 million, half of the exit that took place last week. Total in the last two weeks Bitcoin fund exit of 101 million dollars occurred, but investments in bitcoin funds this year are still $64 million plus exists.
However, the situation on the Ethereum side is a little more negative. What happened in Ethereum funds this week With an output of 17 million dollars, a total of 150 this year shrinkage of close to one million dollars.