American institutional investors have drastically scaled down their Bitcoin-related activity over the past week, according to a report published by digital asset manager CoinShares yesterday.
Per the report, titled Digital Asset Fund Flows Weekly, the total amount of institutional capital allocated in Bitcoin shrunk to $99 million last week. This is a 59% decline compared to the previous week when institutional inflows in Bitcoin amounted to $242 million.
Bitcoin investment products trading volumes have similarly declined to $713 million per day last week—versus $1.1 billion previously. Bitcoin itself, however, continues to generate $11.8 billion in trading volume per day.
“Since the February price highs and heightened volatility, we have seen a steady decline in appetite among investors. Although there looks to be a regional divide, with declining appetite from the United States and sustained appetite in Europe and Canada,” the researchers explained.
At the same time, the total
Źródło: https://cryptoslate.com/report-bitcoin-institutional-capital-allocation-shrinks-59-over-past-week/
