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Report: Bitcoin institutional capital allocation shrinks 59% over past week Report: Bitcoin institutional capital allocation shrinks 59% over past week

Report: Bitcoin institutional capital allocation shrinks 59% over past week

A drastic decline in institutional demand for Bitcoin could be one of the reasons behind the crypto market's slump.

Report: Bitcoin institutional capital allocation shrinks 59% over past week

American institutional investors have drastically scaled down their Bitcoin-related activity over the past week, according to a report published by digital asset manager CoinShares yesterday.

Per the report, titled Digital Asset Fund Flows Weekly, the total amount of institutional capital allocated in Bitcoin shrunk to $99 million last week.

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