Crypto Funds Received $441M Last Week

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According to a new report by CoinShares, the digital asset investment market saw a buying opportunity worth $441 million in the last week.

Additionally, $398 million was specifically invested in Bitcoin. These inflows were driven by the recent weakness in Bitcoin prices, along with activity from Mt. Gox and selling pressures from the German government.

In terms of location, the majority of investments came from the United States with $384 million, followed by Hong Kong ($32 million), Switzerland ($24 million) and Canada ($12 million), while Germany saw $23 million in outflows.

This past week was particularly significant for the defunct Japanese crypto exchange Mt. Gox, as it began its process of repaying creditors.

Louis Adams https://www.satoshihodler.com

I am an experienced crypto news writer. I have been in the industry for many years and believe this tech can bring financial freedom to everyone.