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Institutional Investors Turn Cautious as Crypto Market Correction Continues

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Finance Nieuws

CRYPTOCURRENCY,INVESTMENTS,INSTITUTIONS

Institutional investors are experiencing hesitation as the cryptocurrency market experiences a downturn. Spot Bitcoin ETFs in the United States have reversed a 15-day streak of inflows, with total outflows reaching $226.5 million on December 23rd. While BlackRock saw inflows, other prominent firms like Fidelity and Bitwise witnessed outflows. Despite the recent correction, Bitcoin-based ETPs still attract significant institutional demand, with total inflows for the year exceeding $35.8 billion.

Institutional investors are getting cold feet as the crypto market correction deepens with spot Bitcoin ETFs in the US reversing a fifteen consecutive trading day trend of inflows.On Dec. 23, total aggregate outflows totaled $226.5 million, with Fidelity leading the exodus with an outflow of $146 million. Bitwise, Ark 21Shares, Invesco, VanEck, and Grayscale funds also saw outflows on Monday, but BlackRock bucked the trend with an inflow of $31.7 million.

On Dec. 24, investment firm Swan reported that BlackRock’s iShares Bitcoin ETF is now in the top 35 of all ETFs ever launched, with $53.3 billion in assets under management.ETF is now in the top 35 of all ETFs EVER with $53.3B AUM. Out of 3,900+ ETFs. In less than a year. BULLISHAnalysis from CoinShares this week revealed that crypto asset funds saw more than $1 billion in outflows between Dec. 19 and 20.Spot Ethereum ETFs bucked the outflow trend with an aggregate inflow of $130.

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