Institutional investors pull $1.94B from Bitcoin and crypto funds
Institutional investors withdrew $1.94B from crypto funds in a week, marking the third-largest outflow streak since 2018, per CoinShares data.
- Crypto funds saw four consecutive weeks of outflows, totaling $4.92B, with bitcoin and ethereum hardest hit.
- Outflows accounted for 2.9% of total assets under management; year-to-date inflows remain positive at $44.4B.
- XRP recorded inflows of $89.3M, defying broader negative trends as bitcoin, ethereum, and solana faced withdrawals.
Institutional investors withdrew a total of $1.94 billion from Bitcoin and cryptocurrency assets during a one-week period, according to data released by CoinShares.
The outflows marked the fourth consecutive week of withdrawals, totaling $4.92 billion over that period, representing the third-largest outflow streak since 2018, the digital asset management firm reported.
The withdrawals accounted for 2.9% of total assets under management. Combined with price declines, assets under management fell 36%, according to the report.
Bitcoin (BTC) led the outflows with $1.27 billion in withdrawals, followed by Ethereum (ETH) at $589 million, CoinShares stated. Solana recorded $156 million in outflows, while XRP (XRP) 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.
