While the institutional funds in the crypto money market went out for the 9th week in a row, the altcoin interest of the institutions did not change.
In the data shared on the official blog of Coinshares, exits from institutional crypto funds It is stated that it has reached the 9th week in a row. According to data last week $5.1 million output and total 8 weeks old fund outflow 422 million exceeded the dollar.
Decreased money outflows compared to the previous week are promising for the next week. According to the latest report, only Bitcoin 500 thousand dollars If from Ethereum $5 million exit has occurred. The week before Bitcoin 52 million dollars The outlet was burned.
Coinshares is back in the week with the Bitcoin ETF application from the world’s largest asset manager BlackRock. There is an inflow of funds into Bitcoin reported.
The decline in altcoins continues to attract the attention of institutional investors. last week $1.1 million to Ripple (XRP), $60k to Cardano (ADA) and $200k to Polygon (MATIC) cash flow has been observed.
by the US Securities and Exchange Commission (SEC) Binance And to Coinbase classified as securities in lawsuits filed MATIC And ISLAND In this process one of the most depreciated altcoins had happened. The litigation between Ripple and the SEC closer to the probability of Institutional interest is also increasing.
Also from TRON (TRX) 400 thousand dollars There was an outflow of funds. Total fund outflows are the most Switzerland And Swedenwhile originating from GermanyThere was an inflow of money into the funds.
On the other hand, since the FTX bankruptcy Blockchain stock stocks saw the biggest rise.
