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Institutional investors are once again selling Bitcoin and crypto investment projects.
After an opening week of inflows, digital asset products saw $454 million in outflows for the week ending January 10th, according to CoinShares.
This reversed much of the $1.5 billion gains from early January, driven by fears over delayed Federal Reserve rate cuts.
Bitcoin led the sell-off with $405 million in outflows, while short-Bitcoin positions shed $9.2 million. Ethereum followed, losing $116 million.
Multi-asset funds dropped $21 million, Binance $3.7 million, and Aave $1.7 million.
Yet, some assets bucked the trend: XRP gained $45.8 million, Solana $32.8 million, and Sui $7.6 million.
Regionally, the U.S. dominated outflows at $569 million. In contrast, Germany added $58.9 million, Canada $24.5 million, and Switzerland $21 million.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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