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Institutional Investors Continue to Sell Digital Assets, Bitcoin Sees Largest Outflows

Institutional investors have shown negative sentiment towards digital asset investment products for three consecutive weeks, resulting in outflows of $54 million last week, according to a report by CoinShares. The majority of the outflows were from Germany and Canada, with fund issuers 3iQ Corp and CoinShares Physical accounting for most of the outflows. Bitcoin saw the most selling pressure from large investors, with outflows nearing $32 million. Despite this, Bitcoin's price has remained stable with a -1.6% loss over the past 30 days. Interest in investment products is trending 16% higher than this time last year, despite volumes for the broader cryptocurrency industry being at half of what they were at the beginning of 2023.

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