Institutional investors shed $133 million worth of Bitcoin (BTC) investment products last week, marking the largest week of outflows since June last year. According to the latest edition of CoinShares’ weekly Digital Asset Fund Flows report, the overall digital asset fund outflows for the week ending on Friday totaled $120.1 million. Large Bitcoin outflows were marginally offset by a surprise $38 million worth of inflows for FTX Token (FTT) products. The $132.7 million worth of outflows from BTC funds last week brings the month-to-date outflows for April to $310.8 million. The last time BTC funds saw this level of outflows …

Goldman Sachs is reportedly pursuing an alliance with one of the top cryptocurrency exchanges FTX. The CEO of Goldman Sachs David Solomon reportedly met with Sam Bankman-Fried, the founder of FTX in a closed-door meeting in March to discuss various prospects of working together, reported the Financial Times. According to the report, the major points of discussion were around mitigating regulatory compliance in the United States and Goldman Sachs offered to help them, especially with the Commodity Futures Trading Commission (CFTC). Apart from regulatory assistance, the Wall Street bank also offered to help with future funding rounds. The latest report …

Bitcoin (BTC) dropped from a high of $47,200 on April 5 to a low of $42,107 on April 8, indicating possible selling by short-term traders who may have preferred to lock in their profits. However, the price action is still stuck in a tight range during the weekend, indicating that supply and demand are in balance. Although the Crypto Fear & Greed Index is in the fear zone, Bitcoin whales on crypto exchange Bitfinex remained unfazed and continued to purchase BTC. Interestingly, one large investor continued to buy $1 million of Bitcoin every day, without attempting to time the market, …

Bitcoin (BTC) is attempting to notch its second successive weekly gains and end at the highest weekly closing price year-to-date. According to on-chain data from Glassnode, the recovery in Bitcoin’s price was driven by demand in the spot markets. This is likely to cheer the bulls because history suggests that spot market demand leads to sustained upside. Another positive sign is the strong demand for the ProShares Bitcoin Strategy exchange-traded fund (BITO) in the past two weeks, which pushed its exposure to a record high. Arcane Research said the strong inflows “suggest that Bitcoin appetite through traditional investment vehicles is …