Institution crypto investors have been pulling out of the market for the better part of this year, especially as the bear market has taken hold. However, Ethereum has suffered way more than other assets in this regard with outflows dragging total assets under management (AuM) down. This comes as Ethereum has struggled after falling below the $1,600 support.
Institutional Investors Pull Out Of Ethereum
In the latest iteration of its Digital Asset Fund Flows Weekly Report, alternative asset manager CoinShares has revealed a growing aversion from institutional investors toward Ethereum.
This is characterized by a tremendous amount of outflows spanning months that has caused its asset under management to decline faster than any other crypto asset.
The outflow trend also continued into last week as