Suche
Mein Konto
Institutional Investors Sell $942 Million in Crypto Products - CoinShares
Find out how institutions dumped a new record $942 million in crypto products last week in our article. This selloff marks the end of a seven-week period of strong capital inflows. Read more about the reasons behind these outflows and how various cryptocurrencies such as Bitcoin, Ethereum and Litecoin have performed during them. Stay up to date with our email alerts and follow us on Twitter, Facebook and Telegram.
Institutional Investors Sell $942 Million in Crypto Products - CoinShares
Digital asset manager CoinShares reports that institutional investors withdrew a new weekly record of $942 million from crypto products last week. According to CoinShares, this record outflow breaks a seven-week streak of record inflows. The uncertainty in the market has apparently made investors hesitant, which is reflected in lower influences in exchange-traded funds (ETFs). Grayscale led the outflows, with over $2 billion withdrawn from products. With the exception of Brazil and Canada, the negative sentiment was shared worldwide. Bitcoin, as usual, was hit the hardest by the outflows, losing $904 million in the last week. Ethereum, Solana, and Cardano also recorded outflows of $34 million, $5.6 million, and $3.7 million, respectively. However, some altcoins performed better. Polkadot, Avalanche, and Litecoin recorded net inflows of $5 million, $2.9 million, and $2 million, respectively.
The table below shows the exact figures for the outflows of the various cryptocurrencies:
| Cryptocurrency | Outflows (in millions of US dollars) |
|---|---|
| Bitcoin | 904 |
| Ethereum | 34 |
| Solana | 5.6 |
| Cardano | 3.7 |
| Polkadot | 5 |
| Avalanche | 2.9 |
| Litecoin | 2 |
The current outflows from crypto products by institutional investors indicate some uncertainty in the market. The recent price correction appears to have caused investors to trade more hesitantly and invest less in new ETF issues. This resulted in an outflow of $2 billion from Grayscale's products. The negative sentiments were not limited to the US but were seen worldwide, with outflows in countries such as Sweden, Switzerland, Hong Kong and Germany. However, some countries such as Brazil and Canada continued to see inflows.
It is important to note that this information is based on CoinShares' analysis and should not be viewed as an investment recommendation. Investors should conduct their own due diligence before investing in cryptocurrencies. Market conditions can change quickly and it is advisable to seek advice from financial advisors to make informed decisions.