Bitcoin [BTC]: Short products for the win as investors shy away from long positions

Investors are funnelling funds into Short-BTC products after fourth consecutive week of outflows With the Shanghai Upgrade coming soon, investors will be cautious with ETH In a new report, digital asset investment firm CoinShares found that ongoing apprehension among investors regarding the uncertain regulatory landscape of crypto-assets led to a fourth consecutive week of outflows […]

“The poor sentiment likely represents continued investor concerns over regulatory uncertainty for the asset class.”According to CoinShares, last week, investors funnelled funds into Short-Bitcoin products. As a result, Short-Bitcoin saw inflows of $1.8 million. On a year-to-date basis, Short-Bitcoin products have logged inflows of $50 million.

Citing concerns over regulatory uncertainty for the asset class, CoinShares added that the discrepancy in performance suggested that short positions are yet to deliver the returns that some investors are expecting.For its part, Bitcoin logged its fourth consecutive week of outflows totaling $20 million. Due to the coin’s impressive performance towards the beginning of the year, its YTD inflows stood at $126 million.

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