Institutional Bitcoin products have recorded outflows for nine out of the past ten weeks, meaning investors remain bearish.
Institutions are currently sitting on the side-lines of the Bitcoin markets, with BTC investment volumes dropping to just 38% of its year-to year-to-date (YTD) average. Bitcoin investment products generated roughly $3.9 billion worth of daily trade and from July 12 to July 16, down substantially from 2021’s average of nearly $10 billion.
Institutional Bitcoin products also witnessed an outflows of $10.4 million for the week, with investors now having net reduced their BTC exposure for nine of the past 10 weeks
The largest outflow from Bitcoin products on record occurred between May 10 and May 14 — when institutional investors pulled $98 million from the markets.
While institutional investors have continued to reduce exposure to BTC, Ether (ETH) investment products posted a third consecutive week of inflows this past week.
