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CoinShares: Institutional Investors Step Up Bitcoin Shorts

According to CoinShares, the influx of funds into investment products for institutionals last week amounted to $9.2 million. This is due to the opening of short positions on bitcoin.

At the moment, $27.96 billion of assets are stored in cryptocurrency funds. Over the week, the indicator increased by $9.2 million, but funds for BTC, ETH and BNB recorded a decrease. So, Bitcoin funds lost $11.1 million, Ethereum trusts reported a decrease in capitalization by $2.1 million, and Binance Coin funds lost $0.3 million.

On the other hand, funds that earn on the fall in the bitcoin rate received $17.9 million, which is more than 12% of the total capitalization of such instruments. Also, trusts for ADA, XRP and SOL coins, as well as multicurrency trusts, reported a positive balance based on the results of the week.

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As for the distribution of investments by country, investments were increased by institutional investors from all over the world, with the exception of Sweden. Investors from this country withdrew $2.6 million from cryptocurrency funds.

Note that last week reversed the emerging trend – in the previous three weeks, institutional investors withdrew funds from cryptocurrency funds. For example, the week before last, investors withdrew $27 million.

Source: Bits

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