Investors Want To Short Bitcoin Although Market Turns Green

A leading digital asset manager says that institutional investors have been adding to their short positions on Bitcoin (BTC).

In its latest Digital Asset Fund Cash Flow Weekly report, CoinShares found that Short Bitcoin investment products received $15 million last week while other investment products saw outflows.

CoinShares interprets the increase in Short Bitcoin products as a sign of investors expecting the crypto market to fall further but not necessarily wanting to sell out of their long positions.

Bitcoin-based long-term investment vehicles suffered $2.6 million in outflows last week, with year-to-date inflows of $14 million.

After three weeks of pouring in, Ethereum (ETH) investment products suffered minor outflows last week. Litecoin (LTC) also saw small outflows last week, with most altcoin products seeing small inflows during the week.

Investment products Solana (SOL), XRP, and Cardano (ADA) brought in $0.5 million, $0.3 million, and $0.1 million in inflows, respectively, and multi-asset products edged higher.

“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.”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

CoinCu News