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Bearish Bitcoin Funds Experience Influx of Funds Due to Market Rally

ByLouis Adams

Jan 24, 2023 #Bitcoin
Reading time: < 1 minute

According to the experts of analytical firm CoinShares, from January 14 to 20, $37 million entered cryptocurrency-based investment products and two-thirds of this amount was formed by bearish Bitcoin funds.

The company experts have noted that investors invested $25.5 million in this type of products, which actually represents the highest inflow since July last year, and only $5.7 million in traditional instruments based on the first cryptocurrency.

As far as trading volume is concerned, it jumped to $1.6 billion. 80% of the indicator was provided by transactions with Bitcoin-based products.

The amount of assets under management of crypto funds hit $29 billion.