Bitcoin Outflows Deepen as Ether, Solana, XRP Clinch Massive $500 Million Institutional Capital ⋆ ZyCrypto
The post Bitcoin Outflows Deepen as Ether, Solana, XRP Clinch Massive $500 Million Institutional Capital ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement The crypto market dip persists, resulting in sluggish fund flows into several digital assets. Last week, Bitcoin suffered its largest decline, marked by a drop in spot ETF investments, institutional outflows, and a significant plunge in the BTC price. On the other hand, while altcoins traded similarly, multiple assets saw positive inflows to institutional products. Bitcoin Traders Battle Macro-Driven Red Wave Crypto institutional products recorded $360 million outflows last week as “fear” clouded traders’ sentiment. CoinShares Weekly Fund Flows indicates an improved performance of altcoins compared to Bitcoin during the same period. Much of the outflow was linked to United States activities, with a close watch on the Federal Reserve. Bitcoin saw $946 million in outflows over the past month, lowering yearly gains to $29.4 billion. Analysts attribute the bearish week to a hawkish tone by the Fed, which may lead to tighter interest rates. Historically, this has fueled a broader downturn as investors move funds out of risky assets, while rate cuts bolster crypto and stock prices. At the moment, investors have downplayed the likelihood of December rate cuts, citing the absence of key economic indicators. Amid hawkish Fed policies, traders are increasingly diversifying their portfolios, shifting assets to altcoins at a faster pace. This was predicted in January, as the market had already priced in another altcoin season for 2025. Advertisement Similarly, spot Bitcoin ETFs are facing hurdles due to mounting outflows over the last 48 hours. On Nov 4, these products saw $578 million outflows, marking a fifth straight day in the red zone. “Regionally, negative sentiment was concentrated primarily in the US, which saw outflows totalling US$439m. This was partially offset by modest inflows from Germany and Switzerland, totalling US$32m and US$30.8m respectively. Bitcoin ETFs were the only major digital asset…
