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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/cryptocurrency-report-highlights-institutional-interest-and-market-trends/" data-wpel-link="internal">Cryptocurrency Report Highlights Institutional Interest and Market Trends</a> 
<a href="https://en.coin-turk.com/possible-reasons-for-the-rapid-decline-in-bitcoin-price/" data-wpel-link="internal">Bitcoin</a>‘s price continues to linger around $42,200, marking a nice start to the new week. A few minutes ago, a report on institutional interest in cryptocurrencies prepared by CoinShares was released. The details in this report are extremely critical for investors. 
<h2 style="text-align: justify" id="cryptocurrency-report">Cryptocurrency Report</h2> 
From a global perspective, cryptocurrency investment products have seen a total outflow of $500 million. The United States, Switzerland, and Germany accounted for a significant portion of these outflows. Grayscale has experienced over $5 billion in outflows since January 11, which seems to be the primary reason for the overall exodus. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-308599 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/Kripto-Para-Rapor.png" alt="" width="828" height="840"> 
Just last week, there was an outflow of $2.2 billion from the GBTC product alone. Daily data indicates that outflows are slowing down, which is promising. On the contrary, newly issued US ETFs saw an inflow of $1.8 billion last week, reaching a total inflow of $5.94 billion since their launch. Thus, all ETFs still have a net positive inflow of around $807 million. 
Short Bitcoin funds saw an inflow of $10 million last week, indicating increased pessimism. Last week, altcoins predominantly experienced outflows; Ethereum saw $39 million, while DOT and LINK had outflows of less than $1 million. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/cryptocurrency-report-highlights-institutional-interest-and-market-trends/" data-wpel-link="internal">Cryptocurrency Report Highlights Institutional Interest and Market Trends</a></h5>

Cryptocurrency Report Highlights Institutional Interest and Market Trends

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