According to data shared by digital asset manager CoinShares, there was a net 7 million dollars from institutional funds in the cryptocurrency market in the past week. dollar There was an outflow of money and fund outflows decreased compared to the previous weeks.
In the data shared on the official blog page of Coinshares, 3rd week in a row said to continue. In addition, with this week’s $7.2 million debut, the 3-week total debut amounted to $219 million.
from bitcoin last week While there was a fund inflow of 2.6 million dollars, from Ethereum $16.9 million money outflow. In general, there was a money inflow this week in altcoins. There was an inflow of 400 thousand dollars to Cardano, 300 thousand dollars to Polkadot and 800 thousand dollars to Solana.
last week total 16.9 The total outflow of Ethereum funds, which have experienced a million-dollar outflow, since the beginning of the year is approximately $169 million it happened.
Many commentators think that institutional investors in the ever-dwindling Ethereum funds are turning to layer-1 (L1) protocols.