According to a leading manager of digital assets, institutional investors have increased their Bitcoin short positions (BTC) according to a report.
CoinShares is featured in the Digital Asset Fund Flows Weekly Report. finds Last week, short BTC investment products received $15 million inflows while long investment products experienced net outflows.
“Digital asset investment products saw inflows totaling $12 million last week, although $15 million of that were inflows into short (inverse price) investment products, with net outflows for long investment products totaling $2.6 million.”
CoinShares believes that the increase in short-BTC product prices is a sign that investors expect further downside in crypto market, but they are not necessarily trying to sell out their long positions.
Last week, Long-Bitcoin’s investment vehicles experienced $2.6 in outflows. This brought the year-to date inflows to $14 million.
After three weeks worth of inflows, Ethereum investment products saw minor outflows the week before.
Litecoin (LTC), as well as most altcoins, saw minor inflows over the last week.
Solana (SOL), XRP, and Cardano (ADA) investment products took in $0.5 million, $0.3 million, and $0.1 million of inflows respectively, and multi-asset products rose above the rest at $5.5 million inflows.
“Multi-assets investment products, the stalwart during this bear market from a flows perspective, saw inflows totaling $2 million, bringing year-to-date inflows to $219 million, well above any other asset.”
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