CoinShares Published Its New Report: Which Altcoins Did Institutional Investors Who Sold Bitcoin Buy? What's the Latest Situation?

📉 Cryptocurrency Investment Trends: September Update

Bitcoin (BTC) has started September on a downward trajectory, dropping to $57,000. Coinshares’ latest report reveals a significant outflow of $305 million from cryptocurrency investment products last week, driven by pervasive negative sentiment.

🔍 Key Findings

- Bitcoin (BTC): Saw the largest outflow, totaling $319 million. Investment in Bitcoin Short funds, which benefit from BTC's decline, saw a notable inflow of $4.4 million.

- Ethereum (ETH): Experienced a smaller outflow of $5.7 million.

- Solana (SOL): Had modest inflows of $7.6 million.

- Cardano (ADA) and Litecoin (LTC): Saw minor inflows of $0.3 million each.

🌍 Regional Trends

- USA: Faced the largest outflow of $318 million.

- Germany: Saw $7.3 million in outflows.

- Canada: Benefited from an inflow of $13.2 million.

- Switzerland: Received an inflow of $5.5 million.

The data highlights a clear trend of investor caution, particularly towards Bitcoin, as market sentiment remains largely negative.

Disclaimer: This is not investment advice