{"id":494953,"date":"2022-07-05T23:00:47","date_gmt":"2022-07-05T23:00:47","guid":{"rendered":"https:\/\/ktsl888.com\/?p=494953"},"modified":"2024-06-11T14:21:20","modified_gmt":"2024-06-11T14:21:20","slug":"institutional-investors-remain-bearish-as-short-bitcoin-sees-record-inflows","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/institutional-investors-remain-bearish-as-short-bitcoin-sees-record-inflows\/","title":{"rendered":"Institutional Investors Remain Bearish As Short Bitcoin Sees Record Inflows"},"content":{"rendered":"
Bearish sentiment toward Bitcoin among institutional investors has been gaining ground in recent months. This was propelled even further by the crash that rocked the digital asset back in mid-June. Since then, bitcoin has struggled to keep its head above the $20,000 level, and as it continues to fail, bearish sentiment has grown rampant. This is evident in the short bitcoin inflows that were recorded for last week.<\/p>\n
The latest CoinShares report<\/a> has shown that institutional investors are only investing in bitcoin for the short term, and what\u2019s more, they believe that the digital asset is set to decline more. It shows that inflows into the short bitcoin ETFs had hit their highest point since its inception with $51 million for the previous week.<\/p>\n Related Reading |\u00a0Mounting Support For Bitcoin At $19,000 As Market Ushers In A New Week<\/a><\/strong><\/em><\/p>\n The ProShares short BTC ETF<\/a> is the latest in line for these types, and while it had seen significant inflows for the prior week, it was chalked up to the fact that the ETF had just launched. However, last week has put into perspective how institutional investors are viewing bitcoin going forward.<\/p>\n To put this in perspective, while inflows for short bitcoin had come out to $51 million for the 7-day period, bitcoin had only recorded $0.6 million in inflows. The digital asset had narrowly missed recording another week of outflows with one of the lowest inflows ever recorded.<\/p>\n <\/p>\n Compared to the prior week\u2019s inflows of $15 million<\/a>, the inflow into short bitcoin had grown a total of 240%. It is one of the most obvious indicators that institutional investors do not expect the price of bitcoin to recover anytime soon.<\/p>\n The bearish sentiment on bitcoin on the part of these institutional investors has been relegated to bitcoin only. The CoinShares report shows that altcoins had seen continued inflows. Ethereum which had suffered almost three months of outflows had recorded its second consecutive week of inflows with a total of $5 million.\u00a0<\/span><\/p>\n Other altcoins such as Solana, Polkadot, and Cardano, all competitors for Ethereum, also recorded inflows. Their figures came out to $1 million, $0.7 million, and $0.6 million respectively for last week. This indicates that institutional investors are forecasting a better future for these assets compared to bitcoin.\u00a0<\/span><\/p>\nBTC falls to $19,500 | Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Institutional Investors On Altcoins<\/h2>\n