Institutional Investors Add to Bitcoin Short Positions as Crypto Markets Go Green: CoinShares
A leading digital asset manager says institutional investors have added to their short positions on Bitcoin (BTC).
In the latest Digital Asset Fund Flows Weekly report, CoinShares notes that short BTC investment products saw $15 million in inflows last week, while long investment products suffered net outflows.
“Digital asset products recorded inflows totaling $12 million last week, although $15 million of that was inflows into short (inverse price) products, with total net outflows for long products totaling 2.6 million dollars.”
Source: CoinShares
CoinShares interprets the rise in short BTC products as a sign that investors expect further downside in the crypto markets, but are not necessarily looking to sell their long positions.
Long bitcoin investment vehicles suffered outflows of $2.6 last week, bringing year-to-date inflows to $14 million.
After three weeks of inflows, Ethereum (ETH) investment products suffered minor outflows last week.
Litecoin (LTC) also suffered minor outflows last week, with most altcoin products seeing minor inflows throughout the week.
Investment products Solana (SOL), XRP and Cardano (ADA) saw inflows of $0.5M, $0.3M and $0.1M, respectively, and multi-asset products were up 5, $5M over the rest.
“Multi-asset investment products, which have been steadfast from a cash flow perspective in this bear market, recorded inflows totaling $2 million, bringing year-to-date inflows to $219 million, well above any other asset. “
Source: CoinSharesDon’t miss a thing – Sign up to receive crypto email alerts straight to your inbox
Check the price action
Follow us on Twitter, Facebook and Telegram
Surf the Daily Hodl Mix
Check the latest headlines
 
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making any risky investments in Bitcoin, cryptocurrency or digital assets. Please note that you transfer and trade at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock/ImageBank4u/Nikelser Kate
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
Comments are closed.