Institutional investors just sold a total of $1.67 billion in Bitcoin and crypto assets in one week, according to a new update from Coinshares.
These outflows mark the third consecutive negative week and the second largest weekly outflow of the year, with three-week cumulative outflows now standing at $4.21 billion.
Bitcoin led sales with $1.438 billion withdrawn, marking its largest weekly outflow this year. Ethereum saw outflows of $257 million.
American products accounted for the majority of redemptions, at $1.63 billion. Germany recorded $25.7 million, Sweden $6.6 million and Hong Kong $4.5 million in capital outflows.
Assets under management fell to $141 billion, the lowest level since early April. Since the start of the year, Bitcoin inflows have declined sharply to just $1.2 billion.
Altcoin participation also fell and only five assets saw inflows above $1 million. XRP leads with $20.3 million, followed by Hyperliquid with $10.8 million and Near with $7.6 million.
These selloffs reflect growing risk aversion related to Iranian tensions, which has negated any positive effect of progress on the CLARITY Act.
Follow us on X, Facebook and Telegram
Don’t miss a thing – Subscribe to receive email alerts straight to your inbox
Surf the daily Hodl mix
& nbsp
