Share this article
Short-Bitcoin Funds Record $10M in Weekly Inflows: CoinShares
Traders are anticipating higher rate hikes from the Federal Reserve.
Updated Feb 27, 2023, 2:34 p.m. Published Feb 27, 2023, 11:18 a.m.
Investors poured money into short bitcoin funds last week as upbeat U.S. economic data and the prospect of renewed outsized rate increases by the Federal Reserve weakened the appetite for risky assets.
- Short-bitcoin funds had $10 million in inflows during the week ended Feb. 24, according to crypto asset manager CoinShares. Long-bitcoin funds bled $12 million, the third straight weekly outflow.
- Broadly speaking, digital-asset investment products saw minor outflows of $2 million.
- Short funds provide investors a bearish exposure to an asset's price. For instance, ProShares Short Bitcoin Strategy ETF offers short BTC exposure that profits from the cryptocurrency's price declines. A "short" position in financial markets is a bet on a price decline.
- "We believe this reaction reflects nervousness amongst U.S. investors prompted by the recent stronger-than-expected macro data releases, but also highlights its sensitivity to the regulatory crackdown in the U.S.," CoinShares noted in the weekly report, explaining the inflow into short-bitcoin funds.
- Bitcoin (BTC) fell over 3% last week after failing to establish a foothold above a key resistance level at $25,000.
- Ether (ETH), the second-largest cryptocurrency by market value, fell 2.4%, outperforming perhaps because of its rising deflation rate.
- "Ethereum has remained relatively insulated from the recent negative sentiment, seeing only $0.2 million of outflows last week," CoinShares said, while noting minor inflows in the tokens of the Polygon, Solana and Cardano blockchains.
More For You
알아야 할 것:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Tom Lee responds as X debates Fundstrat’s differing bitcoin outlooks
A debate on X over seemingly conflicting bitcoin forecasts from Fundstrat analysts drew a response from Tom Lee, highlighting differing mandates and time horizons.
What to know:
- X users flagged what appeared to be conflicting bitcoin outlooks from Fundstrat’s Tom Lee and Sean Farrell.
- Lee endorsed a post arguing the views reflect different mandates and time horizons, not internal disagreement.
- The episode highlights how public commentary can blur distinctions between short-term risk management and long-term macro views.
Top Stories
