Institutional Investors Sell $1.67 Billion in Crypto Assets
- Institutional outflows totaled $1.67 billion in one week, marking the second-largest of the year.
- Bitcoin led the sell-off with $1.438 billion withdrawn, its largest weekly outflow this year.
- Ethereum saw $257 million in outflows during this period.
- US-based products accounted for most redemptions at $1.63 billion.
- Total assets under management fell to $141 billion, the lowest since early April.
The ongoing selling trend reflects a heightened risk-off sentiment among institutional investors, influenced by geopolitical tensions and overshadowing any positive developments like the CLARITY Act. Only five altcoins recorded inflows above $1 million, with XRP leading at $20.3 million.
The cumulative three-week outflow now stands at $4.21 billion, indicating a significant shift in market sentiment among institutional players.
