Institutional investors shorting Bitcoin made up 80% of weekly inflows
— Seen year, Worth, 9 million, Shorting, Highest amount ever, Polkadot, Proshares launched, Posting, Million, June 22 — 1 min read
Short Bitcoin funds generated $64 million worth of inflows between June 27 and July 1. U.S.-based investors accounted for the lion's share of the inflows at $46.2 million. Short BTC funds have now seen year-to-date inflows totaling $77.2m. The surge in short BTC fund inflows follows from the prior week when there was $423m worth of outflows for digital asset products, the highest amount ever on CoinShares’ records, with BTC products seeing significant outflows of $453m. Last week, institutional investors from Brazil, Canada, Germany, and Switzerland snapped up a combined $20M worth of crypto investment products in the same week as Sweden partially offset that figure. Source