While Exiting Institutional Bitcoin And Altcoin Funds Continued, Money Inflows To These Two Altcoins!

bitcoin While experiencing a sharp decline before the monthly close Coinshares released its weekly cryptocurrency report.

Cryptocurrency Stating that the fund outflows in its products continued last week, Coinshares said that the outflows have reached the 6th week.

Stating that there was an outflow of $ 39 million in crypto money products last week, Coinshares wrote:

“Digital asset investment products saw a total outflow of $39 million, representing the 6th consecutive week of outflows of $272 million.”

Looking at crypto funds individually, it was seen that the majority of fund outflows were in Bitcoin.

Bitcoin is the biggest, with an outflow of $ 11.5 million last week altcoin on Ethereum (ETH) 5.9 million dollars was seen in the output.

indexed to the fall of BTC Bitcoin Short fund also had an outflow of $10.9 million this week.

“The focus of exits in crypto funds remains on Bitcoin, with exits totaling $11 million.

Outflows in short-bitcoin also continued with approximately $11 million. These exits are much more dramatic for short bitcoin, which represents 36% of the total AuM.

Altcoins have also seen exits last week, most notably Ethereum with $5.9 million which saw 65% of the AuM outflow last week. Apart from ETH, Solana (SOL) also had a $0.3 million breakout.”

In the face of the outbursts last week Litecoin (LTC) 0.5 million dollars, Ripple (XRP) also had an inflow of $0.1 million.

Looking at the regional fund inflows and outflows, it was seen that there was a general outflow in the countries. While the USA took the first place with a fund outflow of 10.8 million dollars, Germany took the second place with 9.5 million dollars, and Switzerland took the third place with an outflow of 8.0 million dollars.

Germany and the USA were followed by Brazil with 3.9 million dollars, Canada with 3.7 million dollars, Sweden with 3.3 million dollars and France with 0.2 million dollars.

*Not investment advice.