Institutional Investors Sell $1.73 Billion in Crypto Assets in One Week
- Total outflows reached $1.73 billion, the largest since mid-November.
- Bitcoin experienced the highest outflow at $1.09 billion, followed by Ethereum at $630 million.
- XRP saw an exit of $18.2 million, while Solana attracted inflows of $17.1 million.
- The US accounted for nearly $1.8 billion of the total outflows.
- Switzerland and Canada reported inflows of $32.5 million and $33.5 million, respectively.
The recent surge in institutional selling reflects a cautious sentiment among investors regarding Bitcoin and other cryptocurrencies amid market volatility. Notably, while major assets like Ethereum faced significant outflows, some regions like Switzerland and Canada demonstrated resilience with positive inflows.
The substantial sell-off highlights shifting investor strategies as they navigate market conditions, with Bitcoin leading the decline by over a billion dollars in just one week.
