Crypto asset manager CoinShares says that institutional short-selling of Bitcoin (BTC) hits its highest in 2022.
In its latest Digital Asset Fund Flows Weekly report, CoinShares says that inflows to short-Bitcoin investment products peaked this year with a record inflow of $18 million last week.
This brings the total value of short Bitcoin investment products under management to a record high of $158 million.
The flagship crypto asset also saw outflows totaling $11 million, marking the fourth straight week of outflows totaling $70 million.
Crypto investment products in general saw minor inflows totaling $9.2 million, most of which was allocated for short investment products.
From $64 billion at the beginning of 2022, the value of assets under management (AUM) plunged to $27.9 billion, the lowest since early July.
Data also shows that US investors particularly exhibit negative sentiment with far lower inflows than their counterparts in other regions.
“Regionally, the data shows diverging sentiment despite the low trade sizes. Canada, Brazil, Switzerland and Germany all saw inflows totaling $4.7 million, $3.2 million, $1.7 million and $1.6 million respectively.
The sole focus of negative sentiment was from the US, where inflows totaled $0.8 million, being masked by predominant inflows into short-Bitcoin investment products.”
The bearish sentiment comes following the Federal Open Market Committee (FOMC) meeting at Jackson Hole, where top financial authorities express hawkish views amid the current downturn and rising inflation rates.
Ne propustite ritam - Subscribe da biste dobili kripto e-mail upozorenja koja se dostavljaju direktno u vašu ulaznu poštu
Check Price Action
Pratite nas na cvrkut, Facebook i telegram
surfovati Daily Hodl Mix
Izjava o odricanju odgovornosti: Mišljenja iznesena u Daily Hodlu nisu savjet o ulaganju. Ulagači trebaju obaviti svoju dužnu opremu prije nego što ulože bilo koja rizična ulaganja u bitcoin, kripto valutu ili digitalnu imovinu. Imajte na umu da su vaši transferi i trgovine na vlastiti rizik, a za sve gubitke koji mogu nastati odgovoran ste. Daily Hodl ne preporučuje kupovinu ili prodaju bilo koje kripto valute ili digitalne imovine, niti je Daily Hodl savjetnik za ulaganje. Imajte na umu da Daily Hodl sudjeluje u affiliate marketingu.
Featured Image: Shutterstock/Art tools design/PurpleRender
Source: https://dailyhodl.com/2022/09/08/institutional-investors-short-selling-bitcoin-btc-reaches-highest-rate-of-the-year-coinshares/