Institutional investors just sold $173 million in Bitcoin and crypto investment products in one week, according to a new update from CoinShares. The digital asset firm says outflows have now totaled a whopping $3.74 billion in the last month, as the price of BTC dropped from around $95,400 to a low of $62,800.
Institutional Investors Sell $3,740,000,000 in Bitcoin and Crypto in Just One Month As BTC Price Craters: CoinShares
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CoinShares reports institutional investors sold $173 million in Bitcoin and crypto investment products in one week and $3.74 billion over the past month; Bitcoin fell from about $95,400 to a low of $62,800.
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