Bearish Bitcoin Funds Receive Record Inflows

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The inflow of funds from cryptocurrency investment products for June 25-July 1 amounted to $64 million. According to CoinSharesit was provided by receipts in funds that allow you to open shorts on bitcoin ($ 51 million).

Investors continue to build bearish strategies with the launch of the ProShares Short Bitcoin Strategy ETF. The management company that developed the tool raised $43.3 million in a week.

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Despite the continued popularity of “short” instruments, traditional bitcoin funds have been able to increase AUM by $6 million. For the second week in a row, an influx was recorded in products based on Ethereum ($4.9 million).

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Investors continue to be interested in instruments based on several assets. Investments in them increased by $4.4 million over the week, and by $213.5 million since the beginning of the year. In general, altcoin-based funds showed a neutral-positive trend.

The second quarter of 2022 was the worst for Bitcoin in 11 years.

Earlier, Deutsche Bank specialists predicted the recovery of the first cryptocurrency to $28,000 by the end of 2022.

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Source: Cryptocurrency

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