Institutional investors withdrew $1.94 billion from Bitcoin and cryptocurrency funds in a single week, according to data from CoinShares. This marked the fourth consecutive week of outflows, totaling $4.92 billion—the third-largest streak of withdrawals since 2018.
The outflows represented 2.9% of total assets under management, and when combined with recent price declines, total assets under management fell 36%, the report noted.
Bitcoin and Ethereum Lead Withdrawals
Bitcoin saw the largest outflows at $1.27 billion, followed by Ethereum at $589 million. Solana experienced $156 million in withdrawals, while XRP bucked the trend with $89.3 million in inflows.
Signs of Easing Sell Pressure
After seven days of consecutive outflows, selling pressure began to ease on Friday, with $258 million in inflows recorded. Bitcoin accounted for $225 million, and Ethereum added $57.5 million.
Despite the recent pullbacks, year-to-date inflows into crypto funds remain strong at $44.4 billion, according to CoinShares. The report underscores the ongoing volatility in cryptocurrency markets and the shifting dynamics of institutional investor sentiment.
