Institutional investors shorting Bitcoin made up 80% of weekly inflows

Cointelegraph

Published Jul 04, 2022 09:42PM ET

Updated Jul 05, 2022 11:20PM ET

Institutional investors loaded up on a record $51.4 million worth of investment products offering exposure to shorting the price of Bitcoin (BTC) last week.

According to data from the latest edition of CoinShares’ weekly “Digital Asset Fund Flows” report, there was $64 million worth of inflows for digital asset products between June 27 and July 1, with short BTC funds representing 80% of that figure.

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