Bitcoin Short Investment Funds striked All- time high of $172M : Report

On Friday, Bitcoin somehow felt puzzled as short Bitcoin flow struck an all-time high, as per the fresh report of CoinShares.

Short Bitcoin capital provides investors openness to subordinates, such as futures and options, that risks against the price of Bitcoin. At the same time, investors can put their steps into those contracts without any contact; the CoinShares report monitors and records the flow of capital for exchange-traded products.

In the past week, short Bitcoin investment products struck an all-time high of about $172 million in assets under management if we go through the report. CoinShares has been continuously tracking Bitcoin short funds from the time the first one was introduced, 21Shares Short Bitcoin on the Six Swiss Exchange, in January 2020.

Bitcoin funds currently hold $16 billion in assets under management. That is the lowest since the end of June, James Butterfill, director of research of Coinshares, has shared. Also, the trend of the past week represented constant tepid investor greed for virtual assets.

Even now, there is a confident Bitcoin attitude among institutions, yet. MicroStrategy purchased 301 Bitcoin, valued at about $6 million after the publicization past week. But, the shareholders were not as executive about the news as executive chairman Michael Saylor.

MicroStrategy has purchased an additional 301 bitcoins for ~$6.0 million at an average price of ~$19,851 per #bitcoin. As of 9/19/22 @MicroStrategy holds ~130,000 bitcoins acquired for ~$3.98 billion at an average price of ~$30,639 per bitcoin.https://t.co/5kYW98ij4I
— Michael Saylor⚡️ (@saylor) September 20, 2022

The MSTR share value went down about 6% on the day of publicization. On Monday, MSTR stood at $198.98, close to standing at over $200 and building up the base it lost on the Bitcoin news from the past week.

Comparatively, there was a piece of good news for Ethereum-grounded funds, which witnessed net inflows valued at $7 million. That is the first good feeling after the launch of the most-anticipated upgrade, Merge. A week prior to the launch of the merge, which was done on September 15, Ethereum funds witnessed a flood of $62 million and $15 million, respectively.