According to CoinShares analysts, $5.1 million was withdrawn between September 17 and 23 from the structures that allow opening short positions in Bitcoin.
It is worth noting that before that an inflow was recorded for seven weeks in a row, as a result of which the amount of funds under management of these funds reached a record $172 million.
Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world
Inflows into cryptocurrency-based investment products in general for the reporting period amounted to $8.3 million compared to $7.3 million in the previous week.
Traditional Bitcoin funds recorded an inflow of $2.6 million compared to $17 million in the previous week.
The outflow of Ethereum funds for the last four weeks in a row was replaced by an inflow of $6.9 million.