Institutional investors pull $1.94B from bitcoin and crypto funds
The post Institutional investors pull $1. 94B from bitcoin and crypto funds appeared com. Institutional investors withdrew $1. 94B from crypto funds in a week, marking the third-largest outflow streak since 2018, per 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. Source:.