Institutional investors withdrew $1. 94B from crypto funds in a week, marking the third-largest outflow streak since 2018, per CoinShares data. Institutional investors withdrew a total of $1. 94 billion from Bitcoin and cryptocurrency assets during a one-week period, according to data released by CoinShares. The outflows marked the fourth consecutive week of withdrawals, totaling $4. 92 billion over that period, representing the third-largest outflow streak since 2018, the digital asset management firm reported. The withdrawals accounted for 2. 9% of total assets under management. Combined with price declines, assets under management fell 36%, according to the report. Bitcoin (BTC) led the outflows with $1. 27 billion in withdrawals, followed by Ethereum (ETH) at $589 million, CoinRP) recorded inflows of $89. 3 million, bucking the broader trend. Sell pressure leads to Bitcoin selloff The selling pressure eased on Friday, with $258 million in inflows recorded after seven consecutive days of outflows, the firm said. Bitcoin accounted for $225 million of the inflows, while Ethereum saw $57. 5 million. Despite the recent outflows, year-to-date inflows remained at $44. 4 billion, according to the CoinShares data. The report comes amid continued volatility in cryptocurrency markets.
https://bitcoinethereumnews.com/bitcoin/institutional-investors-pull-1-94b-from-bitcoin-and-crypto-funds/
Institutional investors pull $1.94B from bitcoin and crypto funds
