The U.S. institutional investors are showing record interest in shorting Bitcoin as the crypto market crashes.
A weekly CoinShares’ report, “Digital Asset Fund Flows” (Volume 87), reports an all-time high (ATH) investment of $51.4 million (80% of the total $64 million) into short-Bitcoin (BTC).
Bitcoin long investment products are seeing minimal inflows ($20 million) only in Brazil, Canada, Switzerland, and Germany. But it also negates any negative short-BTC sentiment developing in the U.S. market, even when the BTC went below the $20,000 mark.
The report notes a $46.2 million inflow during June 27 and July 1 from the U.S. cryptocurrency market alone. The investment inflow in BTC itself in a week’s time stands at $0.6 million. Ethereum (ETH) reports a $5 million in weekly inflows, finally breaking its 11-week outflow streak.
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Multi-asset or multi-crypto investment products record inflows amounting to US$4.4m. Solana (US$1m), Polkadot (US$0.7m) and Cardano (US$0.6m) see investment inflows, signalling investors’ diversification strategy.
