There is an Exit from Bitcoin and Altcoins: Institutions Sold What They Bought! - Coin Bulletin

Last week, there was an outflow of 240 million dollars in digital asset investment products, while Bitcoin (BTC) experienced the largest outflow, and altcoins showed a mixed trend

According to CoinShares data, there was a total outflow of 240 million dollars from digital asset investment products. This outflow indicates that investors are approaching economic uncertainties with caution. Interest in altcoins was mixed. There were outflows in assets like Ethereum (ETH), Solana (SOL), and Sui (SUI), but some altcoins experienced small inflows.

Large outflows from the US and Germany

Last week, the largest outflows from digital asset investment products came from the US and Germany. An outflow of 210 million dollars was recorded from the US, while Germany saw an outflow of 17.7 million dollars. On the other hand, investors from Canada took the opportunity presented by the market uncertainties and made an inflow of 4.8 million dollars.

Bitcoin is still attracting the interest of investors

Bitcoin experienced an outflow of 207 million dollars last week, but total inflows since the beginning of the year continue to remain at around 1.3 billion dollars. In the case of assets other than Bitcoin, there was a mixed picture; Ethereum saw outflows of 37.7 million dollars, Solana 1.8 million dollars, and Sui 4.7 million dollars.

Fluctuation in altcoins

Altcoins exhibited a mixed trend unlike previous weeks. While major altcoins like Ethereum and Solana experienced gains, relatively smaller altcoins, for example, Toncoin (TON), received an influx of 1.1 million dollars. This situation indicates that altcoin investors continue to seek opportunities in the market.