After weeks of consecutive inflows, big investors are now pulling money out of crypto funds. 

Investors last week pulled out $6.5 million from investment products, digital asset manager CoinShares said Monday. This came after four weeks of solid inflows totaling $742 million. 

The cash—most of which was focused on Bitcoin—flowed out of large funds designed for accredited investors like Grayscale, 3iQ, and 21 Shares. In total, $13 million was pulled out of Bitcoin investment products. 

At the time of writing, the price of the largest cryptocurrency by market cap was trading for $29,060, down nearly 3% in 24 hours, according to CoinGecko. 

But things balanced out, CoinShares observed, because investors did plug a total of $6.6 million into Ethereum funds, “suggesting sentiment, which has been poor this year, is slowly beginning to turn around,” according to CoinShares. 

Go to Source to See Full Article
Author: Mathew Di Salvo

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details