Bearish Bitcoin Funds Raise Record Investments

As it became known, from November 12 to 18, the inflow of investments in cryptocurrency products reached a record benchmark of $43.7M, while it amounted to $42M a week earlier.

Meanwhile, due to deteriorating market conditions, the total digital assets under management plunged to a two-year minimum of $22.25B.

As for traditional bitcoin funds, the inflow amounted to $14M compared to $19M a week earlier. Structures that allow opening shorts on the first cryptocurrency replenished by $18.4M from $12.6M benchmark a week earlier.

The outflow from Ethereum funds was fixed at around $0.8M compared to the inflow of $2.5M a week earlier. Structures that allow opening shorts on the second-largest cryptocurrency by capitalization were able to raise a record $14M.

«75% of the total inflows were placed in short investment products. This is indicative of deeply negative sentiment, which is likely a direct result of the ongoing fallout from the FTX collapse,» experts believe.

The total outflow from altcoins (excluding Ethereum) amounted to $6M.