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Bitcoin short fund inflow: coinshares | coindesk JAPAN | coindesk Japan

by Damien Martin
24 January 2023
Bitcoin short fund inflow: coinshares | coindesk JAPAN | coindesk Japan
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Crypto-asset (virtual currency) funds saw net inflows of $37 million last week, more than half of which went into “short” funds, i.e. those aimed at profiting from falling prices.

Bitcoin (BTC) short funds saw net inflows of $25.5 million, the highest since last July when $51 million inflows, according to data released by CoinShares on Jan. 23. .

The increase was due to Bitcoin rising to a four-month high above $22,000. Bitcoin is up more than 40% so far in 2023. Last July’s big inflow was also driven by June’s rally from a low of $18,200 to over $24,000.

Last week’s net inflow brought Bitcoin short funds AUM to $138 million. Meanwhile, Bitcoin long funds saw net inflows of $5.7 million last week, with assets under management at around $18.3 billion.

|Translation: coindesk JAPAN
|Editing: Takayuki Masuda
| Image: CoinShares
| Original: Inflows Into Short Bitcoin Products Picked Up Alongside Rally: CoinShares

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Damien Martin

Damien Martin

Damien has a rich history in the fintech and business reporting world. He is currently working at OBN to cover the most important news from the blockchain industry.

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