BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Institutions are Selling Their Crypto and Here is Why

by BlockNews.com Team
December 18, 2023
in Business, Crypto, Featured
A A
Institutions are Selling Their Crypto and Here is Why

#image_title

3
SHARES
Share on TwitterShare on Reddit
  • Institutions took profits after 11 straight weeks of inflows totaling $16B in 2023, with $16M outflows this week.
  • Trading surged to over $36B despite outflows, led by $328M from BTC and $44M from ETH products. Altcoins saw inflows.
  • Outflows indicate short-term profit taking, not a change in institutional sentiment. Inflows continued in some regions and volume surged, showing ongoing bullishness.

Institutions are taking profit according to CoinShares’ latest institutional report, ending 11 consecutive weeks of inflows into crypto investment products. This week saw $16 million in outflows as investors cashed in on gains from the recent crypto rally.

🚨 NEWS: CoinShares reveals institutions are taking profits from the recent crypto rally.

Totalling $16 million in outflows last week.

This ends the institution's 11-week buying streak.

— BlockNews.com (@blocknewsdotcom) December 18, 2023

Trading Activity Surges

Trading surged to over $36 billion this past week, more than double the 2023 average of $16 billion. Bitcoin saw the largest outflows at $328 million from BTC investment products, despite a very bullish year so far for institutional Bitcoin accumulation.

Ethereum also saw significant selling from institutions, with $44 million flowing out of ETH products. Altcoins went against the trend, with inflows into Solana, Cardano, XRP, and Chainlink funds.

Profit Taking, Not Change in Sentiment

According to CoinShares’ James Butterfill, the selling came predominantly from U.S. investors, with $18 million leaving U.S. crypto funds. Inflows continued in Germany and Switzerland.

Butterfill believes this activity indicates profit-taking rather than a change in institutional sentiment on crypto as an asset class. After 11 straight weeks of inflows totaling $16 billion in 2023, some selling was due after the recent crypto price surge.

Institutions Remain Bullish on Crypto

In summary, short-term profit-taking brought an end to 11 consecutive weeks of institutional inflows into crypto investment products. But continued inflows in certain regions and for altcoins show ongoing bullishness on crypto among institutions. The surge in trading volume also demonstrates crypto’s strength even during a period of overall outflows.

Tags: BitcoinCoinSharescryptoethereumSolana
Tweet1ShareShare1

DON'T MISS THESE! HOT OFF THE PRESS

Dogwifhat’s Comeback: Will $1.00 Hold as WIF Targets Higher?
Crypto

Dogwifhat’s Comeback: Will $1.00 Hold as WIF Targets Higher?

May 17, 2025
BONK and DeFi Dev Corp Partner for Solana Validator, Despite Price Dip
Crypto

BONK and DeFi Dev Corp Partner for Solana Validator, Despite Price Dip

May 17, 2025
Conflicting Signals for AVAX: NFT Mania vs. Weak Demand
Crypto

Conflicting Signals for AVAX: NFT Mania vs. Weak Demand

May 17, 2025
HYPE’s Billion-Dollar Milestone: TVL Surge and Bullish Channel Defy Spot Volume Dip
Crypto

HYPE’s Billion-Dollar Milestone: TVL Surge and Bullish Channel Defy Spot Volume Dip

May 17, 2025
USD1 Goes Cross-Chain: Chainlink Partnership Unlocks Massive Growth Potential
Chainlink

USD1 Goes Cross-Chain: Chainlink Partnership Unlocks Massive Growth Potential

May 17, 2025
SUI Unleashed: Institutional Money and DeFi Volume Propel Its Rise
Crypto

SUI Unleashed: Institutional Money and DeFi Volume Propel Its Rise

May 17, 2025
Load More

Related News

Dogwifhat’s Comeback: Will $1.00 Hold as WIF Targets Higher?

Dogwifhat’s Comeback: Will $1.00 Hold as WIF Targets Higher?

May 17, 2025
BONK and DeFi Dev Corp Partner for Solana Validator, Despite Price Dip

BONK and DeFi Dev Corp Partner for Solana Validator, Despite Price Dip

May 17, 2025
Conflicting Signals for AVAX: NFT Mania vs. Weak Demand

Conflicting Signals for AVAX: NFT Mania vs. Weak Demand

May 17, 2025
HYPE’s Billion-Dollar Milestone: TVL Surge and Bullish Channel Defy Spot Volume Dip

HYPE’s Billion-Dollar Milestone: TVL Surge and Bullish Channel Defy Spot Volume Dip

May 17, 2025
USD1 Goes Cross-Chain: Chainlink Partnership Unlocks Massive Growth Potential

USD1 Goes Cross-Chain: Chainlink Partnership Unlocks Massive Growth Potential

May 17, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.