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...