Crypto funds see $110M in Bitcoin outflows as BTC price drops and investors risk off
Last week, $110 million was withdrawn from Bitcoin investment products as investors risked off in the face of mounting geopolitical events and Bitcoin’s waning momentum.
The latest report from CoinShares shows that there were minor outflows from institutional crypto investment products over the past seven days.
According to CoinShares’ “Digital Asset Fund Flows Weekly” report published on April 15, institutional investors reduced exposure to digital assets, with total crypto investment products seeing total outflows of $126 million this past week.
Once again, the lion’s share of movement was attributed to Bitcoin (BTC), with $110 million in outflows.
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