Mix together your cream cheese, eggs, vanilla, heavy cream, and sugar.
Take your cheesecake mixture and divide the batter into two.
In one of the bowls of the cheesecake batter, add in your red velvet cake mix. You can also add in your red food coloring if you want to make it a brighter red. Mix well.
Mix together your graham crackers, sugar, and melted butter.
Add parchment paper to the bottom of your spring pan. Spray lightly with cooking spray. Add half of the graham cracker mixture to the bottom of your spring pan mold. Push down well to flatten the graham crackers with your fingers, or the back of a spoon.
Add your white cheesecake mixture to the top of your graham crackers about halfway of your pan. Take 1/4 cup and add the red velvet cheesecake mixture to the middle of your cheesecake. Take 1/4 cup and add the white cheesecake mixture to the middle of your cheesecake. Continue to alternate until you have filled your spring pan mold. (For the second cheesecake, add the red velvet cheesecake mixture first, then ¼ cup white cheesecake, etc.)
Taking a toothpick, chopstick, or knife, starting from the center, move outward toward the pan creating straight lines. Once you have done this, start from the center and create a clockwise circle creating swirls moving toward the outside of the pan.
Add 1 1/2 cups of water to the bottom of your Instant Pot.
On the side, place your trivet on a flat surface. Place your cake pan on the trivet. Carefully, transfer the trivet to the inside of the Instant Pot.
Close the lid on your Instant Pot and close the sealing valve.
Cook on High Pressure for 45 minutes. Once completed, allow a natural release for 5 minutes.
Carefully remove the trivet inside the Pot using the trivet handles with hot pads or a towel. Transfer and cool in the fridge for at least 5 hours, or overnight.
Remove from the fridge when ready to serve!
Notes
Add chocolate chips: Chips add that little hint of surprise to the cheesecake, white or dark works.
Sour Cream: Feel free to add sour cream to have a little tang to your instant pot cheesecake, use about 1/3 cup.
Spring Form Pan: Allows the cake to come out of the pan so easily, therefore use one that fits in your instant pot.
Toppings: Sprinkles, melted chocolate or crumbled cookies make a great topping for these cheesecakes.