Institutional Investors Exit Market As Crypto Declines, New Report Reveals
04 Mayo 2022 - 10:54PM
NEWSBTC
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
not left out, according to the report, as they withdrew a total of
$25 million from the fund last week. This means that since the
beginning of the year, Ethereum has only seen outflows in the last
five weeks. The total amount of money it has spent is $194 million.
Although institutional investors withdrew from most altcoins, funds
with a wide portfolio of assets saw tiny inflows to buck the trend.
The total market capitalization is at its lowest level since the
middle of March. In the last 24 hours, the market has lost 12% of
its value, putting it at $1.8 trillion. Bitcoin has also dropped
slightly, trading below $38,000, while Ethereum has been circling
around the $2,800 mark for quite some time. The bulk of
cryptocurrencies have followed the negative trends of prominent
coins and have lost a significant portion of their value. NEAR, on
the other hand, is still going strong, with a 2.7 percent increase
in the market in the last 24 hours. Related Reading | Bitcoin
Perfectly Follows Market Cycle Comparison, What Comes Next For
Crypto? Featured image from Pixabay, chart from TradingView.com
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