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Institutional investors just sold an overall total of $1.94 billion in Bitcoin and crypto assets in one week, according to a new update from Coinshares.
This marks the fourth straight week of outflows, totaling $4.92 billion over that period, which is the third largest since 2018.
These outflows represent 2.9% of total assets under management and a 36% AUM decline when combined with price drops.
Bitcoin led the exodus with $1.27 billion in outflows, followed by Ethereum at $589 million.
Solana saw $156 million exit, while XRP bucked the trend with $89.3 million in inflows.
A glimmer of hope appeared on Friday with $258 million in inflows after seven days of selling. Bitcoin witnessed $225 million in buys, with ETH witnessing $57.5 million.
Despite the pressure, year-to-date inflows remain strong at $44.4 billion. The report signals potential sentiment shifts amid ongoing market volatility.
