Last week saw a total outflow of $6.5 million from crypto funds, marking a reversal in trend after four weeks of heavy inflows. However, this is still minor compared to the $742 million of inflows from the previous four weeks, indicating continued interest in the space. Bitcoin remains the primary focus for institutional investors, but a recent report suggests that they may be cooling off their interest in the cryptocurrency.

Ethereum is enjoying a more positive outlook, with ETH-related funds seeing $6.6 million in inflows last week and other altcoins such as XRP, Solana, Uniswap, and Polygon also seeing inflows. The North American market saw 99% of outflows, with some of this money moving into Europe, particularly Switzerland and Germany.