Institutional investors have been betting on multiasset investment products and on products offering exposure to Solana ($SOL) and $XRP, while heavily betting on short Bitcoin ($BTC) products.
According to data from CoinShares’ Digital Asset Fund Flows report, last week digital asset investment products saw $12 million worth of inflows, with $15 million entering short investment products focusing on the flagship cryptocurrency BTC. For long investment products, outflows totaled $2.6 million.
The firm’s report details that long-bitcoin products saw outflows while its assets under management rose 11.4% from a $17.8 billion seen at the end of June. Nevertheless, inflows to short BTC positions totaled $15 million, bringing the total to $88 million.