Analysts record a record inflow of funds into bearish Bitcoin funds

The inflow of funds from cryptocurrency investment products for June 25–July 1 amounted to $64 million. According to CoinShares,it was provided by receipts in funds that allow you to open shorts on bitcoin ($ 51 million).

Investors continue to build bearish strategies with the launch of the ProShares Short Bitcoin Strategy ETF. The management company that developed the tool raised $43.3 million in a week.

Data: CoinShares.

Despite the continued popularity of "short"Instrumentally, traditional bitcoin funds were able to increase AUM by $6 million. For the second week in a row, an influx was recorded in products based on Ethereum ($4.9 million).

Investors remain interested in instruments onmultiple asset base. Investments in them increased by $4.4 million over the week, and by $213.5 million since the beginning of the year. In general, altcoin-based funds showed a neutral-positive trend.

Data: CoinShares.

Recall that the second quarter of 2022 was the worst for bitcoin in 11 years.

Earlier, Deutsche Bank specialists predicted the recovery of the first cryptocurrency to $28,000 by the end of 2022.

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