Bitcoin Recovers Above $20K as Short ETF Sees Record $51M in Weekly Inflows

Jul 6, 2022

Bitcoin (BTC) remains rangebound between the $18,000 and $21,000 levels as institutional traders pile on the ProShares Short Bitcoin Strategy ETF (BITI). Arca Portfolio Manager David Nage shares insights into BTC’s resilience amid macro headwinds and “carnage” in the crypto markets. Plus, what makes this crypto winter the first of its kind.