In a recent update from Coinshares, it was revealed that institutional investors have sold a total of $288 million in Bitcoin and crypto assets within one week.
This marks the fifth consecutive week of selling, bringing the year-to-date outflows to a total of $4 billion.
The majority of the selling was driven by Bitcoin, with $215 million in outflows. Interestingly, short-Bitcoin products saw inflows of $5.5 million, the highest among all assets.
Ethereum followed with the second-largest outflows at $36.5 million. Multi-asset products lost $32.5 million, while Tron recorded $18.9 million in outflows.
Some select altcoins experienced minor inflows, with XRP gaining $3.5 million, Solana adding $3.3 million, and Chainlink gaining $1.2 million.
Regionally, the US led the outflows with $347 million. Europe and Canada, on the other hand, combined for $59 million in inflows, with Switzerland leading at $19.5 million, followed by Canada at $16.8 million and Germany at $16.2 million.
Trading volumes also saw a sharp decline to $17 billion, the lowest level since July of last year.
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