Digital assets manager CoinShares says large institutional investors aren’t convinced by the recent rallies in crypto markets.
“Digital asset investment products saw US$37m inflows last week, although this was predominantly into short investment products (68%).”
Short BTC products, which aim to profit on downward moves of the leading cryptocurrency by market cap, saw $25.5 million in inflows last week as traditional BTC products took in $5.7 million.
CoinShares says the sentiment on Bitcoin and other digital asset investment vehicles was divided regionally.
“Regionally, opinion is very polarised. Inflows were seen in Europe, most notably Germany and