Bitcoin (BTC) struggles to maintain $41,000 level The positivity that has been going on for 11 weeks in cryptocurrency funds has broken down.
In the data shared on the official blog page of Coinshares, it was stated that the 11-week series of consecutive entries in institutional cryptocurrency funds was broken. Last week corporate cryptocurrency from funds net worth 16 million dollars There was an outflow of money.
It ranks first in exits as well as inflows in corporate cryptocurrency funds. with $32 million again Bitcoin (BTC) took place. However, the activity of investments in digital asset products was well above the year average at 3.6 billion dollars.
Ethereum (ETH), affected by negative sentiment in funds and relatively small compared to Bitcoin 4.3 million dollar experienced an outflow of money. One of the funds that experienced a lot of money outflow this year short Bitcoin from the fund 300 thousand dollar exit observed.
On a country basis, the USA led the way in outflows with 18 million dollars, while Germany had an outflow of 10 million dollars. A total investment of $16 million from Canada and Switzerland almost offset the small outflow.
Altcoins saw a total inflow of 21 million dollars and continued their increase despite the negative atmosphere in Bitcoin. There was an inflow of $10.6 million into Solana (SOL), $3 million into Cardano (ADA), $2.7 million into Ripple (XRP) and $2 million into Chainlink (LINK).
