CoinShares Report Shows Huge Outflows of Bitcoin Short Funds


Investors redeemed $5,8 million net of short funds into bitcoin in the seven days to June 17, crypto asset manager CoinShares wrote in a report Monday. (A "short" position in financial markets is a bet on falling prices.) At the beginning of the week, the assets under management (AUM) of these funds had reached a record €64 million.