348
135 shares, 348 points

Institutional investors are on the decline for crypto markets, which is causing altcoin investment products to see record exits as the new year kicks off. As Kriptokoin.com , we have compiled the details for you, let’s examine the subject together…

CoinShares: Bitcoin and altcoin investment products are seeing outflows!

Crypto investment products hit a new weekly record high of $207 million last week, according to crypto asset manager CoinShares. CoinShares had the following comments on the matter:

Exits from crypto-asset investment products broke a record with $207 million weekly. This follows the debuts that started in mid-December and the 4-week results have now reached $465 million.

Bitcoin (BTC), the largest cryptocurrency by market cap, perhaps felt the sting of the bearish sentiment more than other cryptocurrencies. CoinShares commented on the matter:

Bitcoin saw a total of US$107 million in output last week in what we believe is a direct response to the FOMC (Federal Open Market Committee) minutes that exposed the US Federal Reserve’s growing inflation concerns.

Here is the detail of altcoins experiencing fund outflows and inflows

Leading smart contract platform Ethereum (ETH) has also seen significant exits by continuing the downward series that started in December. CoinShares had the following comments on the matter:

Ethereum saw a total exit of $39 million last week, bringing its 5-week outflow to $200 million.

Source: CoinShares

However, not every altcoin has experienced new year breakouts. XRP and Solana (SOL) experienced minor inflows. The same is true for Litecoin (LTC), whose entries total less than $500,000. Exiting altcoins can be listed as follows: TRON, Binance Coin and Ethereum.


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