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Bitcoin: Short Products See Record Inflows


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Leading digital asset manager CoinShares says that many institutional investors appear to be showing more caution towards Bitcoin and positioning themselves as short-sellers on BTC.

In the latest Digital Asset Fund Flows Weekly report, CoinShares finds digital asset investment products saw a positive week of inflows, mostly stemming from allocations to short-Bitcoin products.

“Digital asset investment products saw inflows totaling $64 million last week, although the headline figures obscure the fact that a significant majority were into short-Bitcoin investment products ($51 million).”

79% of the inflows derive from short-Bitcoin investment products, or products seeking to borrow Bitcoin to sell on the market before repurchasing it at a lower price.

Small inflows in long Bitcoin investment products perhaps support the bearish argument.

“Small inflows were seen into long investment products in regions other than the US such as Brazil, Canada, Germany and Switzerland totaling US $20 million.

This highlights investors are adding to long positions at current prices, with the inflows into short-Bitcoin possibly due to 1st-time accessibility in the US rather than renewed negative sentiment.

Bitcoin saw little inflows over the week, totaling just US $0.6 million. Short-Bitcoin saw record inflows totaling US $51 million after the product launch in the US.”

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Have a prosperous week, Keep the Faith!

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Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.