News Formal

FTX crisis leads to record inflows into short-investment products

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Institutional investors piled into short-investment products last week following the collapse of crypto exchange FTX, according to CoinShares.

Butterfill said the takeup of short positions by investors is likely “a direct result of the ongoing fallout from the FTX collapse,” while the total assets under management for institutional investors is now at $22 billion — the lowest in two years.

Over the week, $14 million was poured into short-ETH investment products. CoinShares said it was “the largest weekly inflow on record.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

It's getting more and more rekt for the decentralization

Ethereum needs to loose all value so the FTX hacker is left with a shit valueless coin. Everyone needs to sell any ETH they hold and buy Bitcoin BTC

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Market Wrap: Crypto Markets Nervous as the FTX Collapse Dents Institutional ConfidenceBonds issued by Coinbase and MicroStrategy tanked, the FTX exploiter moved a total of 180,000 $ETH and the crypto market plunged amid continued market uncertainty, _jocelynyang_ reports _jocelynyang_ It is a very fragile system Hacker manipulating the market. That does not sounds good. _jocelynyang_ No word about coinbase insolvency? They are looking for new investors _jocelynyang_ SBF_FTX, you did it?
Source: CoinDesk - 🏆 291. / 63 Read more »