Digital Asset Investment Products Gain $441M Amid Mt. Gox, German Sell-Offs: CoinShares https://yakihonne.s3.ap-east-1.amazonaws.com/953281df0361f1a7ff836841c2b978b8d606b035e7d07b8d148c72e50b4d78a7/files/1720176441659-YAKIHONNES3.jpg Digital asset investment products have seen inflows totaling $441 million amid the recent sell-off by Mt. Gox and the German government.
Digital asset investment products have seen inflows totaling $441 million amid the recent sell-off by Mt. Gox and the German government. According to a Monday report by CoinShares, the inflows came as investors saw the price weakness driven by Mt. Gox and the German government’s selling pressure as a buying opportunity. The report noted that while volumes in exchange traded products (ETPs) remained relatively low at $7.9 billion for the week, in line with the typical seasonal pattern of lower
digital asset investment products have gained $441 million amid Mt. Gox activities and German sell-offs. The report highlights that the weakness in Bitcoin prices, along with the activity surrounding Mt. Gox and selling pressure from the German government, were the likely causes of increased investor buying sprees. The inflow into Bitcoin amounted to $398 million, representing around 90% of the total inflows. This significant inflow reflects a strategic market response to recent selling pressure