Institutional investors have sold a total of $1.07 billion in Bitcoin and crypto assets in a single week, according to new data from CoinShares.
The output it is the first negative result in seven weeks and the third largest weekly output of the year.
Bitcoin drove the most sales with $982 million in outflows. Ethereum saw $249 million after the release, which is its biggest outflow for the week since January 30.
Altcoins fared well, with XRP attracting $67.6 million in inflows and Solana pulling in $55.1 million.
The US accounted for almost all of this forced sales, with $1.14 billion in outflows. Europe saw revenues led by $22.8 million in Switzerland and $22 million in Germany.
Total assets under management fell to $157 billion from $159 billion, with Bitcoin products bringing in $3.9 billion in annual revenue.
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