Crypto investors allocated the majority of their assets in short investment products last week, signaling “deeply negative” sentiment for digital currencies amid the recent bankruptcy of crypto exchange FTX.

Short investment products, which bet on the price of an asset to drop, accounted for 75% of all inflows, a report by digital asset investment and trading group CoinShares found. Inflows for bitcoin (BTC) totaled $14 million, but considering the popularity of short-term investment vehicles, net flows added up to a negative $4.3 million.

(by Helene Braun)