While Bitcoin (BTC) and altcoins started the new week with a decline due to the negative sentiment in the market, Coinshares published its weekly cryptocurrency report and said that there was an outflow of $876 million last week.
“Cryptocurrency investment products saw $876 million in outflows for the 4th consecutive week, bringing total outflows to $4.75 billion during this negative period.”
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When looking at individual crypto funds, it was seen that the majority of the outflows were in Bitcoin.
While BTC experienced an outflow of $756 million, Ethereum (ETH) experienced an outflow of $89.2 million.
When we look at other altcoins, Solana (SOL) experienced an inflow of $16.4 million, XRP $5.6 million, SUI $2.7 million, while Tron (TRX) experienced an outflow of $32 million.
“Bitcoin was the primary focus last week, seeing $756 million in outflows, but the short Bitcoin fund also saw $19.8 million in outflows, the largest since December 2024.
A wide range of altcoins also saw outflows, most notably Ethereum at $89 million, Tron (TRX) at $32 million, and Aave at $2.4 million.
Conversely, Solana, XRP, and Sui continued to see total inflows of $16.4 million, $5.6 million, and $2.7 million, respectively.”
When looking at regional fund inflows and outflows, it was seen that the USA ranked first with an outflow of 922 million dollars.
Hong Kong came in second after the US with an exit of $7.5 million.
In contrast to these outflows, Switzerland and Germany experienced smaller inflows of $23 million and $13.3 million, respectively.
*This is not investment advice.
