Institutional Investors Dump Bitcoin and Ethereum, Buy Solana and XRP, Trigger $952,000,000 of Weekly Outflows: CoinShares – Crypto News – Crypto News
Connect with us
Institutional Investors Dump Bitcoin and Ethereum, Buy Solana and XRP, Trigger $952,000,000 of Weekly Outflows: CoinShares Institutional Investors Dump Bitcoin and Ethereum, Buy Solana and XRP, Trigger $952,000,000 of Weekly Outflows: CoinShares

others

Institutional Investors Dump Bitcoin and Ethereum, Buy Solana and XRP, Trigger $952,000,000 of Weekly Outflows: CoinShares – Crypto News

Published

7 months ago

on

Institutional investors just sold an overall total of $952 billion in Bitcoin and crypto assets in only one week, according to a new update from Coinshares.

This marks the first outflows in four weeks for digital asset investment products.

CoinShares notes the sell-off happened alongside delays in the US Clarity Act and concerns over whale investors selling adding pressure.

Ethereum led the outflows with $555 million withdrawn. Bitcoin followed with $460 million in outflows.

Solana saw inflows of $48.5 million, while XRP gained $62.9 million.

The US drove most of the negative flow. Outflows there reached $990 million. Canada offset some with $46.2 million in inflows. Germany added $15.6 million.

Assets under management now stand at $46.7 billion, below below last year’s $48.7 billion.

Year-to-date inflows for Bitcoin hit $27.2 billion. That’s down from $41.6 billion in 2024. Ethereum’s year-to-date inflows are $12.7 billion, up from $5.3 billion last year.

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/thvideostudio/PurpleRender

Related Topics:
Continue Reading

Trending