Search Inside Bitcoins

Report Shows Rise In Bitcoin Short Bets Inflow – Exact Figures Inside

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Buy Bitcoin
Buy Bitcoin

Join Our Telegram channel to stay up to date on breaking news coverage

A recently published CoinShares report revealed figures describing the minor inflows into digital asset investment products. Short Bets on Bitcoin, particularly, are at a record.

Bitcoin Short Bets Sets Record

CoinShares recently released a report wherein they documented outflows of cryptocurrencies, which amounted to $70 million for the past four weeks.

Minor inflows for digital asset investment products totaled $9.2 million, where a majority of these funds were directed towards short investment products.

The total assets under management were recorded to be $158 million, which was calculated by taking into account short Bitcoin investment products that invited $18 million in inflows last week. Other cryptocurrencies also invited flow, although quite insignificant to bitcoin, such as Solana and XRP recording an inflow of $0.5 and $0.1 million respectively.

The recent decline of the crypto market has affected the prices, where the total assets under management (AUM) have come down to $27.9 billion, which is the lowest recorded since the beginning of July this year. At the start of this year, the figure stood at $64 billion.

In the report, there was mention of region-specific trade sizes as well. And although the trade sizes were low, the sentiment across each region was quite divergent. Brazil and Canada recorded the most inflow of $3.2 million and $4.7 million respectively. Other countries such as Germany, Switzerland and the United States recorded $1.6 million, $1.7 million and $0.8 million in inflows. Sweden contrasted all the other countries, with a negative flow of $2.6 million.

In the US, the majority of inflows have been recorded in short Bitcoin investments. The US displayed a negative sentiment because of a consequence of a meeting by the Federal Open Market Committee, which was earlier predicted to generate optimism in the market.

Bitcoin recorded outflows of $11 million, which is the fourth consecutive week of outflows totaling only about $70 million.

Multi-asset products also witnessed inflows accounting for $3.3 million, wherein altcoins recorded minor inflows. The complete report can be seen here.

Read More

Join Our Telegram channel to stay up to date on breaking news coverage

Read next