Institutions Fade Crypto Rally, Go Short on Bitcoin (BTC) As Markets Bounce: Coinshares
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Digital assets manager CoinShares says large institutional investors aren’t convinced by the recent rallies in crypto markets. In the latest Digital Asset Fund Flows Weekly Report, CoinShares finds evidence of bearishness among North American investors as short Bitcoin (BTC) investment products saw inflows last week. “Digital asset investment products saw US$37m inflows last week, although this was predominantly into short investment products (68%).” Source: CoinShares Short BTC products, which aim to profit on downward moves of the leading cryptocurrency by market cap, saw $25.5 million in inflows last week as traditional BTC products took in $5.7 million. CoinShares says the sentiment