Institutional investors shorting Bitcoin made up 80% of weekly inflows


Institutional investors loaded up on $51.4 million worth of investment products last week, offering exposure to the price of bitcoin (BTC).

According to data from the latest edition of CoinShares’ weekly “Digital Asset Fund Flows” report, there was $64 million worth of inflows to digital asset products between June 27 and July 1, with BTC funds accounting for 80% of that figure.


With short-BTC investment products in solid demand, US-based investors shared a $46.2 million inflow after ProShares launched the first US-based short bitcoin exchange-traded fund (ETF) on June 22. The ETF trades under the ticker BITI and provides shorting exposure through futures contracts.

“This highlights that investors are adding to long positions at current prices, with an influx in short – bitcoin rather than renewing negative sentiment possibly due to first access in the US.”

CoinShares also reported that institutional investors from Brazil, Canada, Germany and Switzerland jointly purchased crypto investment products worth $20 million. Sweden partially offsets that figure with $1.8 million worth of outflows.

Small BTC products have seen a total inflow of $77.2 million so far, placing it behind only multi-asset products and Solana (SOL) products, which posted $213.5 million and $110.3 worth of inflows so far in 2022 Is.

Given the influx of other digital asset products, exposure to ether (ETH) generated $4.9 million, marking the second consecutive week of inflows following an 11-week long trend. However, year-on-year ETH funds are still down with $450.9 million worth of outflows.

The remaining inflows were spread across $4.4 million in multi-asset funds, while SOL, Polkadot (DOT), Cardano (ADA), and BTC products also reported modest inflows of $1 million, $700,000, $600,000, and $600,000, respectively.

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The increase in low BTC fund inflows also follows from last week when $423 million worth of outflows occurred for the digital asset offering, the highest amount ever on record for CoinShares. Notably, the Small BTC fund escaped the carnage that week, posting $15.3 million worth of inflows, while BTC products saw a significant outflow of $453 million.