FTX crisis leads to record inflows into short-investment products

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.”

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

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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 »