The Inflow of Funds into Bearish Bitcoin Funds Has Declined

The influx of funds into crypto-based investment products amounted to $15 million from July 2-8.

According to CoinShares, the rate of receipts into funds that allow users to open shorts on Bitcoin slowed down from $51 million a week earlier to $6.3 million.

According to the company analysts, the assets under management of crypto-based products for the industry as a whole have rebounded from the annual low of $35.41 billion, amounting to $36.23 billion.

We should note that traditional Bitcoin funds saw a $1.7 million outflow of client funds.

For third consecutive week, an influx was recorded in ETH-based products ($7.6 million). According to analysts, this is due to Ethereum’s upcoming transition from Proof-of-Work to Proof-of-Stake.