A CoinShares report revealed $441 million in inflows for digital asset investments last week with key factors including Bitcoin price weakness, Mt. Gox's repayment activities, and the German government's Bitcoin sell-off.
Digital asset investments see significant inflows of $441 million, driven by Bitcoin price weakness, Mt. Gox activity, and German government sell-off, according to a CoinShares report.
A new report from CoinShares revealed a market buying opportunity amounting to $441 million in inflows for digital asset investment products in the last week.) amounting to $398 million. According to CoinShares, the weakness of Bitcoin prices, alongside activity from Mt. Gox and selling pressure from the German government, were likely the causes of investors’ buying sprees.
Inflows were primarily seen in the United States with $384 million, followed by Hong Kong , Switzerland and Canada , whereas Germany saw $23 million in outflows.equalling $2.7 billion at the time to an unknown wallet address on the heels of beginning to repay its creditors.Conditions for repayments included confirming the validity of the account and the acceptance of the intent to subscribe to the Agency Receipt Agreement by designated crypto exchanges by the creditors anticipating repayment.
The CoinShares report also highlighted Bitcoin’s inflows, which amounted to around $398 million and represented around 90% of total inflows, with investors eying a “broader set of altcoins.”) hit $16 million last week and made it “best-performing altcoin” from the perspective of flows, with $57 million in year-to-date . Ethereum saw $10 million in inflows in the last week.
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