Crypto Investment Products Brought in $441M Last Week

Digital asset investment products have received a total of $441 million in inflows as a result of the recent sell-off by Mt. Gox and the German government.

A report by CoinShares on Monday stated that investors saw the dip in prices caused by Mt. Gox and the German government’s actions as a chance to buy.

Despite lower volumes in exchange traded products (ETPs) worth $7.9 billion for the week, as expected during the summer months, investments in digital asset products have remained strong. However, ETPs participation in the overall market for trusted exchanges was 17% lower.

The majority of inflows were from the United States, with $384 million.

Other countries such as Hong Kong, Switzerland, and Canada also saw opportunistic buying, with inflows of $32 million, $24 million, and $12 million, respectively. Conversely, Germany had outflows totaling $23 million.