Last week, institutional money showed an outflow from the crypto market, interrupting 4 weeks of inflow

Last week, institutional money showed an outflow from the crypto market, interrupting four weeks of inflows. This is evidenced by#CoinSharesdata for July 27 - August 2. And it’s hard to suspect them of short-sightedness this time 🙄.

The total outflow of funds amounted to -$528 million compared to an inflow of +$245 million a week earlier. These CoinShares data, we emphasize, do not take into account the sale that took place last weekend. CoinShares believes that the issue is the situation in the Middle East and fears of a recession in the United States.

The data shows that the largest role in the outflow was played by spot crypto ETFs and specifically by #Grayscale's BTC and ETH funds. BUT, in fact, almost all issuers were selling, and at the end of the week only#BlackRockretained significant interest in purchases.

In products focused on #BTC, there is a net outflow of -$400 million.#ETHis at -$146.3 million (the net outflow of funds since the launch of the ETF in the US has reached $430 million). 

Other details on inflows/outflows for assets as a whole:

- Crypto products focused on#BTCshorts again have an influx of $1.8 million. Weeks earlier, we recall, there was the following dynamics: +0.3 million $ and -1.9 million $, -8.6 million $, +0.5 million $, -4.2 million $ and -1.2 million $ . There are still no large short positions, but locally the institutions are playing on the declines. Judging by the modest influx last week, they did not expect to see such a dump and make money on it.

- For #SOL, outflow continues for the second week in a row, this time -$2.8 million. A week earlier, -$2.7 million, and before that there were large July inflows: +$9.6 million, +$4.4 million and +$16.3 million. That is, for now, most of this liquidity remains in positions based on growth. 

- For the seventh week in a row, institutional money has flowed into Multi-asset, and the pace has returned to high, +$18.1 million. This is the second largest amount in all past weeks. Previously: +$8.7 million, +$16.7 million, +$17.2 million, +$12.8 million, +$17.9 million and +$98.3 million. For these words, the crowd already wants to throw rotten tomatoes, but we will repeat - US institutions are betting on altcoins. Albeit in the safe version of a diversified portfolio.

Investments in individual altcoins were very weak last week:

-#XRPshowed +0.4 million $ (weeks earlier +0.5 million $, +0.5 million $, +1 million $ and +0.4 million $),

-#LTCshowed +0.2 million $ (weeks earlier +0.6 million $, +2.2 million $, +1.2 million $ and +0.9 million $).

There were no inflows to #ADA, #BNB, #LINK.

Geographically, the leader in outflows by a huge margin is the United States. In second place is Hong Kong, followed by Germany and Sweden. Switzerland (after two weeks of sales), Canada, Australia, and Brazil showed an influx.