New reports reveal that institutional investors are pulling out of Bitcoin (BTC) and now moving funds into Ethereum (ETH), Solana (SOL), and XRP. According to a new CoinShares report, ETH, SOL, and XRP are seeing strong inflows as investors take advantage of price dips, even as BTC experiences one of the largest weekly outflows of the year.

US Institutions Drive Largest Weekly Bitcoin Outflows

The CoinShares report, published on October 20, shows that digital asset investment products faced a tough week following the liquidity shock on Friday , October 10. Net outflows from crypto Exchange-Traded Products (ETPs) hit $513 million, marking one of the year’s largest weekly moves. This ultimately brought cumulative outflows since the liquidation event to $668 million,

See Full Page