The latest Digital Asset Fund Flows Weekly CoinShares report notes that last week, BTC-based shorting investment products recorded inflows of $15 million, while longing-based investment products experienced net outflows.
Digital asset-based investment products had inflows of $15 million last week, $12 million of which went to shorts (reverse price), with net outflows on longs-based investment products of $2.6 million.
CoinShares interprets the rise in BTC shorts as a sign that investors are expecting further declines in cryptocurrency markets, while they are in no hurry to sell their longs.
While bitcoin longs investment instruments lost $2.6 million last week, total inflows since the beginning of the year have totaled $14 million.
After three weeks of inflows, investment products with Ethereum (ETH) suffered a slight outflow last week. A similar situation was observed with Litecoin (LTC), with most products with other altcoins showing insignificant inflows.
Solana (SOL), XRP and Cardano (ADA) investment products attracted $0.5 million, $0.3 million and $0.1 million respectively, while multi-asset products rose above the rest by $5.5 million.
Multi-asset investment products showed inflows of $2 million, bringing the total infusion since the beginning of the year to $219 million, well above the numbers of any other asset.