Institutional Investors Withdraw $952 Million from Crypto in One Week
- Total outflows for digital asset investment products reached $952 million.
- Ethereum led the outflows with $555 million, followed by Bitcoin at $460 million.
- The US accounted for most of the negative flow, with outflows of $990 million.
- In contrast, Solana and XRP saw inflows of $48.5 million and $62.9 million, respectively.
- Assets under management decreased to $46.7 billion from last year’s $48.7 billion.
This week marks the first outflow in four weeks for cryptocurrencies as institutional investors shift their strategies. Despite significant withdrawals from major assets like Ethereum and Bitcoin, some altcoins are gaining traction, indicating a possible diversification trend among investors.
The recent data highlights a stark contrast in investor sentiment towards leading cryptocurrencies versus emerging ones, with total year-to-date inflows for Bitcoin now at $27.2 billion compared to last year’s figures.
