CryptocurrencyInstitutional Investors Exit Market As Crypto Declines, New Report...

Institutional Investors Exit Market As Crypto Declines, New Report Reveals

Following the failure of the crypto market to return to its former glory, institutional investors are fleeing in droves. The market has seen a large outflow of institutional cash in recent weeks, according to multiple sources. Coinshares made the figure surrounding the conversation available a few days ago in a recent update.

Investors Leave Market

According to Coinshares’ latest figures, the total amount of money that has flown out of the market owing to institutional investor withdrawals in a month is over $339 million. Despite the fact that the market saw a similar movement at the start of the year, the study indicated that this one had not overturned it. The sum was roughly $467 million at the start of the year, according to Coinshares, indicating a $128 million difference.

According to the report, Bitcoin funds accounted for the majority of the recorded withdrawals. Since a whopping $133 million was seen in June last year, this figure reflects the greatest outflows from the Bitcoin fund in a week.

According to the paper, pinpointing the exact root of the problem is difficult. However, much has been said about the market’s drop, while others have speculated on the US Federal Reserve’s report.


BTC/USD trades at $39k. Source: TradingView

Related Reading | Time Vs Price: Why This Bitcoin Correction Was The Most Painful Yet

Market Declines Further

Institutional investors who had invested in Ethereum were not left out, according to the report, as they withdrew a total of $25 million from the fund last week. This means that since the beginning of the year, Ethereum has only seen outflows in the last five weeks. The total amount of money it has spent is $194 million. Although institutional investors withdrew from most altcoins, funds with a wide portfolio of assets saw tiny inflows to buck the trend.

The total market capitalization is at its lowest level since the middle of March. In the last 24 hours, the market has lost 12% of its value, putting it at $1.8 trillion.

Bitcoin has also dropped slightly, trading below $38,000, while Ethereum has been circling around the $2,800 mark for quite some time. The bulk of cryptocurrencies have followed the negative trends of prominent coins and have lost a significant portion of their value. NEAR, on the other hand, is still going strong, with a 2.7 percent increase in the market in the last 24 hours.

Related Reading | Bitcoin Perfectly Follows Market Cycle Comparison, What Comes Next For Crypto?

Featured image from Pixabay, chart from

Original Source Link

Latest News

Amazon Alexa’s big AI upgrade could require a new subscription

It’s no secret that Amazon is busy overhauling Alexa with generative AI, but a new report from CNBC...

Fani Willis Cites Appearance On Rachel Maddow In Primary Victory Speech

Fulton County DA Fani Willis was interviewed by Rachel Maddow the night before the Democratic primary and she...

Why we still don't know exactly how bird flu is spreading between cows

Early evidence suggests that a bird flu virus called H5N1 may be infecting dairy cows through contaminated milking...

14 Outdoor Decorating Mistakes to Avoid This Year

Designing a picture-perfect outdoor space goes beyond simply arranging furniture and plants. It’s about creating a functional, inviting...

Ireland, Norway, Spain, recognize Palestinian statehood : NPR

Good morning. You're reading the Up First newsletter. Subscribe here to get...

Who Is Zac Brown’s Wife? 5 Things to Know About Kelly Yazdi – Hollywood Life

View gallery Zac Brown and his estranged wife, Kelly Yazdi, have made headlines for their divorce, which took a...

Must Read

Razer Fujin Pro Gaming Chair Review: Giving My Back an Extra Life

Razer has made a name for itself in...

Project Spartacus: An Act of Solidarity For Julian Assange

This article is featured in Bitcoin Magazine’s “The...
- Advertisement -

You might also likeRELATED
Recommended to you