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BitcoinSistemi 2025-02-17 14:26:10

Institutional Investors Surprised! They Sold a Large Amount of Bitcoin (BTC), Bought Four Altcoins Instead: "One Was a Surprise!"

Institutional Investors Surprised! They Sold a Large Amount of Bitcoin (BTC), Bought Four Altcoins Instead: "One Was a Surprise!"

While Bitcoin (BTC) and altcoins continue to trend sideways, Coinshares released its weekly cryptocurrency report and said that there was an outflow of $415 million last week. “Cryptocurrency investment products experienced significant outflows for the first time since the US elections, with $29.4 billion in inflows over the 19 weeks, for a total outflow of $415 million.” The Biggest Uptrend Happened in Bitcoin, SUI Made a Surprise! When looking at individual crypto funds, it was seen that the majority of outflows were in Bitcoin. While BTC experienced an outflow of $430 million, Ethereum (ETH) experienced an outflow of $7.2 million. When we look at other altcoins, the picture is positive, with XRP experiencing an inflow of $8.5 million, Solana (SOL) $8.9 million, Sui (SUI) $6 million, and Cardano (ADA) $1.9 million. “Bitcoin, which is highly sensitive to interest rate expectations, experienced a total outflow of $430 million last week. Interestingly, there was no corresponding inflow into short Bitcoin products, instead $9.6 million worth of outflows were seen. Solana saw the largest inflow among all assets with $8.9 million, followed by XRP with $8.5 million and Sui with $6 million, respectively. When looking at regional fund inflows and outflows, it was seen that the USA ranked first with an outflow of 464 billion dollars. After the US, Hong Kong and Brazil saw smaller debuts with $5 million and $2.1 million respectively. In contrast to these outflows, Germany and Switzerland experienced inflows of $21 million and $12.5 million, respectively. *This is not investment advice. Continue Reading: Institutional Investors Surprised! They Sold a Large Amount of Bitcoin (BTC), Bought Four Altcoins Instead: "One Was a Surprise!"

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