Investors Change Course and Pull Money Out of Bitcoin Funds—But Likely Remain Bullish
After four weeks of solid inflows totaling $742 million, big investors have started pulling money out of crypto funds. Last week, investors withdrew $6.5 million from investment products, with the majority focused on Bitcoin. However, there was a small influx of $6.6 million into Ethereum funds, indicating a potential shift in sentiment. Despite the outflows from Bitcoin investment products, institutional investors have been showing increased interest in the market this year.
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Investors Change Course and Pull Money Out of Bitcoin Funds—But Likely Remain Bullish
After four weeks of solid inflows totaling $742 million, big investors have started pulling money out of crypto funds. Last week, investors withdrew $6.5 million from investment products, with the majority focused on Bitcoin. However, there was a small influx of $6.6 million into Ethereum funds, indicating a potential shift in sentiment. Despite the outflows from Bitcoin investment products, institutional investors have been showing increased interest in the market this year.