Bitcoin Outflows Nearing Half a Billion Dollars in 2021

Bitcoin Outflows Nearing Half a Billion Dollars in 2021

Intuitional investors continue to trim their Bitcoin holdings

According to data provided by CoinShares, Bitcoin outflows from numerous investment products have reached $487 million in 2021.

Over the past week, intuitional investors trimmed their exposure by yet another $890 million. Bitcoin has now recorded six weeks of outflows in a row.

Institutions are growing increasingly disinterested in the largest cryptocurrency after it was dropped by Tesla due to environmental concerns.

China is adding more fuel to the fire by banishing Bitcoin miners and stepping up its ban on crypto trading.

Bitcoin is changing hands at $32,637 at the time of writing on the Bitstamp exchange after plunging to $31,163.

Original Source :

If you wish to support our website and help us improve you can do it by donation. You can donate crypto directly. Just click on the banner below:

Want to receive the latest stock and cryptocurrency news and investing ideas that can help you make money ?! Subscribe to our newsletter. Enter your email below and hit the subscribe button.

If you want professional consultation regarding stock or cryptocurrency investing leave your information below and experts from our trusted partners will reach out to you


* indicates required
DigitalOcean Referral Badge
Previous articleWorld Bank denies support to El Salvador for making BTC legal tender
Next articleChina Crackdown on Crypto Might Have Surprising Reason: Colin Wu