{"id":18131,"date":"2023-02-27T14:39:39","date_gmt":"2023-02-27T14:39:39","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/short-bitcoin-funds-saw-10m-in-inflows-last-week\/"},"modified":"2023-02-27T14:39:39","modified_gmt":"2023-02-27T14:39:39","slug":"short-bitcoin-funds-saw-10m-in-inflows-last-week","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/short-bitcoin-funds-saw-10m-in-inflows-last-week\/","title":{"rendered":"Short-Bitcoin funds saw $10M in inflows last week"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677503219558-2387df40-6fef-4aee-b873-ce2ba4e94817-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677503219558-2387df40-6fef-4aee-b873-ce2ba4e94817-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677503219558-2387df40-6fef-4aee-b873-ce2ba4e94817-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677503219558-2387df40-6fef-4aee-b873-ce2ba4e94817-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">CoinShares data shows crypto investment products recorded minor outflows of $2 million.<\/li>\n<li dir=\"ltr\">But Bitcoin saw a third straight week of outflows totaling $12 million.<\/li>\n<li dir=\"ltr\">Short-bitcoin funds saw inflows of $10 million amid negative sentiment driven by US economic data.<\/li>\n<\/ul>\n<p dir=\"ltr\">Digital asset investment products recorded yet another week outflows this past week as macro data continued to weigh on investor sentiment, according to asset manager CoinShares.<\/p>\n<p dir=\"ltr\">While weekly outflows across crypto-related products was a minor $2 million, the broader market sentiment was negative as indicated by the large inflows into short investment products.<\/p>\n<h2 dir=\"ltr\">Short-Bitcoin inflows hit $10 million<\/h2>\n<p dir=\"ltr\">Investment products tied to the world\u2019s largest cryptocurrency <a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin<\/a> recorded a total of $12 million in outflows last week, a third consecutive week of such action. Investors also bet huge on the price of Bitcoin going down that week, with inflows into short bitcoin funds rising to $10 million.<\/p>\n<p dir=\"ltr\">According to CoinShares, the negative sentiment around BTC price last week largely came from the United States.<\/p>\n<p dir=\"ltr\">\u201c<em>Opinions remain polarised though, with the US seeing outflows totalling US$14m, where recent macro data has increased fears amongst investors that the US Federal Reserve (FED) will be more hawkish than expected<\/em>,\u201d CoinShares head of research James Butterfill <a href=\"https:\/\/blog.coinshares.com\/volume-120-digital-asset-fund-flows-weekly-report-825b6c7077fe\" rel=\"noopener noreferrer\" target=\"_blank\">wrote<\/a>.<\/p>\n<p dir=\"ltr\">As we <a href=\"https:\/\/coinjournal.net\/news\/bitcoin-bounces-off-23k-support-as-stocks-fall-on-hot-pce-data\/\">highlighted<\/a>, the past week was punctuated by the hot economic data (the Producer Consumer Expenditure (CPE) index that suggested inflation was still a key headwind.\u00a0<\/p>\n<p dir=\"ltr\">Indeed, the market reacted negatively to the macro data, with Bitcoin price dropping to lows of $22,770 on the Bitstamp crypto exchange. However, BTC is back above $23,400.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/bets-against-btc-saw-10m-flow-into-short-bitcoin-funds-coinshares\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) CoinShares data shows crypto investment products recorded minor outflows of $2 million. But Bitcoin saw a third straight week of outflows totaling $12 million. Short-bitcoin funds saw inflows of $10 million amid negative sentiment driven by US economic data. Digital asset investment products [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":18132,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/18131"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=18131"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/18131\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/18132"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=18131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=18131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=18131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}