Institutional Investors Sell $1.07B in Bitcoin and Crypto in One Week, Ending Seven-Week Inflow Streak: CoinShares

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According to CoinShares, institutional investors sold $1.07 billion in Bitcoin and crypto assets in one week, marking the first negative result in seven weeks and the third-largest weekly outflow of the year.

Bitcoin accounted for most selling pressure with $982 million in outflows. Ethereum saw $249 million withdrawn, its largest weekly outflow since January 30th. Total assets under management fell to $157 billion from $159 billion.

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