Investors poured money into short bitcoin funds last week as upbeat U.S. economic data and the prospect of renewed outsized rate increases by the Federal Reserve (Fed) weakened risk appetite in financial markets.

Short-bitcoin funds had inflows totaling $10 million during the week ended Feb. 24, according to crypto asset manager CoinShares. Long-bitcoin funds bled $12 million, the third straight weekly outflow.

Broadly speaking, digital asset investment products saw minor outflows of $2 million.

(By Omkar Godbole)

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