Bitcoin

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.

Source: CoinShares

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.”

Source: CoinShares

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.