Crypto News

Institutional Investors Continue to Pull Out of Crypto Market Institutional investors, who are often seen as key players in the cryptocurrency market, have been withdrawing their investments from digital assets for the third consecutive week. This trend is highlighted in the latest report by CoinShares, a leading digital asset investment firm. Bitcoin and Ethereum See Outflows, While Others Remain Steady According to CoinShares, the outflows were mainly driven by Bitcoin and Ethereum investment products, which saw $24 million and $8 million in outflows respectively. However, other digital assets such as Cardano and Binance Coin saw steady inflows, indicating that not all investors are pulling out of the market. Market Volatility and Regulatory Uncertainty Cited as Reasons for Outflows The recent outflows from institutional investment products can be attributed to the high volatility in the cryptocurrency market, as well as the ongoing regulatory uncertainty. The market has se...