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Institutional investors just sold an overall total of $288 million in Bitcoin and crypto assets in one week, according to a new update from Coinshares.<\/p>\n
The outflows mark the fifth consecutive week of selling, bringing cumulative year-to-date outflows to $4 billion.<\/p>\n
Bitcoin drove the bulk of the selling with $215 million in outflows. Short-bitcoin products attracted $5.5 million in inflows, the largest of any asset.<\/p>\n
Ethereum posted the second-largest outflows at $36.5 million. Multi-asset products lost $32.5 million, while Tron recorded $18.9 million in outflows.<\/p>\n
Minor inflows hit select altcoins, with XRP gaining $3.5 million, Solana adding $3.3 million and Chainlink gaining $1.2 million.<\/p>\n
Regionally, the US led with $347 million in outflows. Europe and Canada combined saw $59 million in inflows, led by Switzerland at $19.5 million, Canada at $16.8 million and Germany at $16.2 million.<\/p>\n
Trading volumes fell sharply to $17 billion, the lowest level since July of last year.<\/p>\n
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\n<\/p>\nDisclaimer: 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 assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n