Institutional Investors Dump Bitcoin and Ethereum, Buy Solana and XRP, Trigger $952,000,000 of Weekly Outflows: CoinShares
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Ethereum led the outflows with $555 million withdrawn.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.
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The post Institutional Investors Dump Bitcoin and Ethereum, Buy Solana and XRP, Trigger $952,000,000 of Weekly Outflows: CoinShares appeared first on The Daily Hodl.
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