Institutional Investors And Bitcoin Transactions Latest Reports Are Out

Institutional investors have been selling off Bitcoin for four weeks in a row now, according to the latest reports. Check out the news about BTC transactions below.

Digital assets manager CoinShares says institutional investors continue to have a bearish sentiment about the market as crypto suffers major outflows for the fourth week in a row.

In its latest Digital Asset Fund Flows Weekly Report, CoinShares finds that institutional investors sold off $54 million in crypto holdings last week for a fourth consecutive week of outflows.

“Digital asset investment products saw a 4th consecutive week of outflows totaling US $54 million, bringing the total outflow to US $200 million, representing 0.6% of total assets under management (AuM). The recent price declines have seen total AuM fall by 13% since their mid-April peak.”

King crypto Bitcoin (BTC) suffered the brunt of the outflows, totaling $38 million, according to CoinShares.

“Bitcoin saw outflows totaling US$38 million, with the last four weeks of outflows now totaling US $160 million. This represents 80% of all outflows over the period, when combined with short-bitcoin outflows they represent US $201 million highlighting that the recent investor activity has almost solely been focussed on the asset.”

It’s been revealed that the current banking crisis is opening the eyes of many investors to the value of Bitcoin.

The online publication the Daily Hodl notes the fact that the macro guru mentions a few of Bitcoin’s fundamental properties that make the crypto king an attractive storehold of wealth.

“So we’re seeing firsthand some of the risks that are just common throughout the world and the narrative of Bitcoin and basically being able to self-custody your own assets, having assets that can’t be diluted, having assets that are not someone else’s liability, I think are coming more to the fore. The narrative is obviously strengthened by some of these issues.”