Short Bitcoin positions dominate inflows for digital asset investment products

Due to continued bearish sentiment in the latest CoinShares market, crypto investment products for the week of June 27 spent $ 51.4 million on Bitcoin’s short positions. report clearly.

According to the report, digital asset investment products totaled $ 64 million inflows, 80% of which were in Bitcoin short positions.

Meanwhile, Bitcoin (BTC) investment products recorded an inflow of only $ 600,000 that week.

This disparity indicates that investors were more interested in BTC shorts, given that digital assets had recovered from a crash of less than $ 20,000 during this period.

Investment in Short Bitcoin currently has an inflow of $ 77.2 million year-to-date, lagging behind multi-asset products and Solana (SOL).

U.S. investors have the highest demand for short-term investment in Bitcoin

According to the report, US investors were the major contributors to the $ 46.2 million inflow of short bitcoin.

Demand for ShortBitcoin has increased since ProShares launched its first ShortBitcoin ETF on June 21st.

According to CoinShares, the increase in Short Bitcoin influx could be due to “first accessibility in the United States, not new negative sentiment.”

Other regions also contributed to the influx, with exchanges in Brazil, Germany, Switzerland and Canada receiving a total of $ 20 million. Conversely, Sweden saw an outflow of $ 1.8 million.

ProShares is a leader in service providers

ProShares leads the pack in influx due to the short bitcoin products. It also had the highest $ 264 million flow ever.

21Shares and ETC Group also received $ 7.7 million and $ 1.8 million inflows, respectively.

Meanwhile, CoinShares XBT, 3iQ and Purpose each recorded an outflow of over $ 1 million. The flow from the target year to the present is currently $ 46 million.

Ethereum leads the influx of altcoin

Ethereum’s return to good health continues with an inflow of $ 4.9 million, recording two consecutive weeks of inflows after a long spill of 11 weeks. However, the flow from that year to the present is minus $ 450.9 million.

Solana, Cardano (ADA), and Polkadot (DOT) also recorded minor inflows of $ 1 million, $ 600,000, and $ 700,000, respectively. Other digital asset products had an inflow of $ 500,000.

Multi-asset investment products continue to show resilience with an inflow of $ 4.4 million. There were only two weeks of spills this year.