Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ETHEREUM NEWS»Ethereum Price Sways as Institutional Investors Withdraw $60.7 Million in One Week
ETHEREUM NEWS

Ethereum Price Sways as Institutional Investors Withdraw $60.7 Million in One Week

By Crypto FlexsJuly 3, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum Price Sways as Institutional Investors Withdraw .7 Million in One Week
Share
Facebook Twitter LinkedIn Pinterest Email

Cryptocurrency investment products that track Ethereum and others saw another week of outflows last week, but the amounts were small and the third straight week of outflows. Digital investment products saw $30 million worth of outflows last week.

But this outflow is out of trend. We usually observeBitcoin has taken a step back, and most of the movement has come from Ethereum-based investment products. In particular, according to the latest CoinShares report, institutional investors have pulled a whopping $60.7 million out of Ethereum-based investment products in just one week, the largest amount so far this year.

Ethereum leads the outflow

CoinShares’ Latest Digital Asset Fund Flow Weekly Report Institutional investor sentiment towards Bitcoin Change into strength 1. Bitcoin-based products in particular saw inflows of $10 million last week. While this is lower than the normal inflow levels that crypto assets typically see, the fact that there were inflows suggests that bullish sentiment toward Bitcoin persists despite its poor price performance last week.

On the other hand, the same thing does not work in the following cases: Ethereum. Institutional investor sentiment toward the king of altcoins appears to be weakening as the launch of a spot Ethereum ETF continues to be delayed. The Ethereum-based asset saw $61 million in outflows last week, the largest since August 2022.

As a result, this means that the asset has lost $119 million worth of institutional investment over the past two weeks, making it the worst performing asset this year in terms of net inflows. This is supported by data from CoinShares, which shows that Ethereum’s outflows this year are currently at $25 million. Furthermore, this data shows that Ethereum is the only digital asset that has seen net outflows since the beginning of the year.

All other digital asset products saw inflows last week. Multi-asset products led the way with $17.9 million inflows. Bitcoin came in second with $10 million. Solana, Litecoin, XRP, and Chainlink also saw outflows of $1.6 million, $1.4 million, $300,000, and $600,000, respectively. These inflows suggest that institutional investors are still willing to invest in altcoins despite the poor price performance of most of them last week.

Reflecting the bullish sentiment, short-term Bitcoin products saw $4.2 million worth of outflows. Trading volume also rose 43% week-on-week to $6.2 billion, but was still well below the $14.2 billion average weekly this year.

According to CoinShares, most providers saw modest inflows, but most of this was offset by Grayscale’s $153 million outflow. By region, the United States again dominated with $43 million. Brazil and Australia followed with $7.6 million and $2.9 million, respectively. Germany, Hong Kong, Canada, Switzerland, and Sweden saw outflows of $28.5 million, $23.2 million, $14.4 million, $13.3 million, and $4.3 million, respectively.

ETH Price Recovers to $3,500 | Source: ETHUSDT on Tradingview.com

Featured image made with Dall.E, charts from Tradingview.com

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Hash research CEO is appointed chief policy officer at the presidential office

June 7, 2025

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025

Bitcoin dives for less than $ 102K in fading momentum and macroscopic uncertainty.

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

The SEC gets $ 1.1m case when Crypto Schemer crosses the court.

June 7, 2025

NFT artists reproduce ‘password tax nightmares’ with new songs.

June 7, 2025

NVIDIA’s GB200 NVL72 and Dynamo improve MoE model performance

June 7, 2025

Despite market volatility

June 7, 2025

TEZOS promotes scaling efforts by activating data soluble layers.

June 7, 2025

It shows a graphite network. Tesla is nothing without trust because Tesla’s Tesla spent $ 150 billion after Musk and Trump’s fallout.

June 7, 2025

The merchant warns that Bitcoin is in ‘cancer price behavior’.

June 7, 2025

Is Bitcoin Price Rally $ 150K by the end of the year?

June 7, 2025

How does it affect Bitcoin?

June 7, 2025

Gala Games introduces a step -by -step approach to founder node staking.

June 7, 2025

AB starts in binance

June 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

The SEC gets $ 1.1m case when Crypto Schemer crosses the court.

June 7, 2025

NFT artists reproduce ‘password tax nightmares’ with new songs.

June 7, 2025

NVIDIA’s GB200 NVL72 and Dynamo improve MoE model performance

June 7, 2025
Most Popular

Intel launches Articul8 AI with DigitalBridge

January 4, 2024

Why Scottie Pippen’s Ethereum Venture Has Fans Furious

August 3, 2024

A top cryptocurrency trader has issued a bullish outlook on two of Ethereum’s biggest rivals: Worldcoin (WLD) and Ethereum. Here’s his outlook:

March 15, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.