IBIT Short Positions Decline Significantly, Analyst Reports

According to BlockBeats, Bloomberg ETF analyst Eric Balchunas noted on social media that short positions in IBIT have significantly decreased. Initially, these positions were not high, comprising only 2% of the outstanding shares, but they have now nearly returned to levels seen before the April rally. S3 Partners highlighted that traders typically short when stock prices are strong and cover when they decline. The analysis also included all ETFs for reference.