🔥🔥🔥 CoinShares Published Its New Report: Which #Altcoins👀🚀 Did Institutional Investors Who Sold #bitcoin☀️ Buy? What's the Latest Situation?
Bitcoin started September with a decline, dropping to $57,000, and the downward trend is expected to continue. CoinShares recently published its weekly cryptocurrency report, highlighting a significant outflow of $305 million from crypto investment products, reflecting widespread negative sentiment among investors.
The report noted that Bitcoin ($BTC ) was the primary focus of these outflows, with $319 million exiting BTC funds. Ethereum ($ETH ) also saw an outflow of $5.7 million. Interestingly, the Bitcoin Short fund, which benefits from BTC's decline, experienced an inflow of $4.4 million.
Among altcoins, Solana ($SOL ) managed to attract $7.6 million in inflows, while Cardano (ADA) and Litecoin (LTC) saw modest inflows of $0.3 million each.
Regionally, the United States led with an outflow of $318 million, followed by Germany with $7.3 million. In contrast, Canada saw an inflow of $13.2 million, and Switzerland received $5.5 million.
This is not investment advice.
Source - en.bitcoinsistemi.com
