Institutional Investors Suffer $1.7 Billion Loss in Crypto Products Amidst Worst Performance Since 2015.

Institutional Crypto Products See $1.7 Billion in Outflows Amid Worst Streak Since 2015

Institutional investors have pulled a staggering $1.7 billion from crypto investment products in the past week, marking the worst streak since 2015, according to a new report from CoinShares.

The data shows that institutional investors have been fleeing the crypto market at an unprecedented rate, with outflows reaching $1.7 billion in the latest week. This is the largest weekly outflow since December 2015, when the market was still reeling from the collapse of the Mt. Gox exchange.

The report highlights a significant shift in investor sentiment, with institutional investors increasingly cautious about the crypto market. The outflows are particularly concerning given the recent decline in the value of major cryptocurrencies such as Bitcoin and Ethereum.

"Risk-off sentiment has taken hold in the crypto market, with investors seeking shelter in traditional assets such as US Treasuries and the Japanese yen," said Ryan Watkins, a crypto analyst at CoinShares. "This is a stark reminder that even institutional investors can be caught off guard by market volatility."

The report also notes that the outflows are not limited to Bitcoin, with other cryptocurrencies such as Ethereum, Ripple, and Litecoin also experiencing significant outflows.

The news comes as the crypto market continues to struggle with a decline in value, with many investors questioning the long-term viability of digital currencies. The report highlights the need for greater regulatory clarity and market stability to restore investor confidence.

As the crypto market continues to navigate these uncertain times, investors are left wondering what the future holds for the industry. Will the outflows continue, or will the market bounce back? Only time will tell.