Crypto funds see $110M in Bitcoin outflows as BTC price drops and investors risk off

Last week, $110 million was withdrawn from Bitcoin investment products as investors risked off in the face of mounting geopolitical events and Bitcoin’s waning momentum.

The latest report from CoinShares shows that there were minor outflows from institutional crypto investment products over the past seven days.on April 15, institutional investors reduced exposure to digital assets, with total crypto investment products seeing total outflows of $126 million this past week.

CoinShares explained that this outflow highlights “hesitancy among investors” since the positive momentum has worn off. For the month leading up to the recent wave of outflows, inflows of $520 million into crypto funds were seen, with more than 99% of that coming intoWeekly trading volumes in investment products saw an uptick from $17 billion the previous week to $21 billion in the week ending April 12, according to the report.

“Historically, when there are large Retail profit-taking moves, it means a potential top is in the making. After the rapid fall in prices over the last two days, there has been a significant outflow of realizations by these holders.”. However, the Asian country has not launched these ETFs as most market participants expected, with possible trading likely to begin next week, according to Bloomberg ETF analyst Eric Balchunas.

Balchunas warned his followers not to “expect a lot of flows” from the HK spot Bitcoin ETFs as the market is small compared to the U.S. ETF sector.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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