Bitcoin Crash Sends Institutional Investors Running For The Hills

Small and retail investors are not the only ones getting hit hard by the Bitcoin crash. Institutional investors are also feeling the heat of the market crash. This has sent the institutional investors running as inflows had halted for the last week. Outflows from crypto and blockchain-related investments grew steadily over the course of the weeks, totaling more than $100. million. Institutional Investors Stay Away The institutional outflows for last week have been concerning for crypto investors but in no way surprising. With the emergence of the ‘crypto winter’, it has signaled that the bear market is in full force. Thus, investors are forced to react accordingly. Outflows had climbed throughout last week and had come out to a total of $102 million. It culminates a long-running outflow trend that had mostly stayed in the altcoins. However, this time around, bitcoin has been drawn into this trend. Related Reading | Bitcoin Drops To 18-Months Lows, Has The Market Seen The Worst Of It? The pioneer cryptocurrency saw outflows totaling $57 million last week alone. This was the case across the short-bitcoin investment products which had also recorded outflows. For bitcoin, these weekly outflows bring its month-to-date outflows to $91 million. Short-bitcoin investment products are now only seeing $55 million of total assets under management (AuM) compared to $27 billion for its longer-term bitcoin investment products. Total mar...