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Weekly data from CoinShares highlights that the majority of inflows in digital asset investment products were from Switzerland, reaffirming its status as one of the best regions for crypto investments.
Switzerland saw a Month-To-Date inflow of $355.6 Million, way ahead of second place the United States, which had an MTD inflow of $42M. Switzerland’s YTD investment currently stands at USD 576.8 million.
Sweden had the most outflows from crypto investment products worth $385.6 million.
A Breakdown Of Crypto Investment
CoinShares data also highlights that a total of $27M inflow was seen in digital asset investment products. Meanwhile, late reporting saw the prior week’s total inflows get corrected from USD 12 million to USD 343 million. This is the largest weekly inflow into digital asset products since November 2021.
Last week, crypto prices saw a significant rally as Bitcoin moved above $24K and ETH rallied to over $1.6K. The crypto prices have since dropped in anticipation of the FOMC meeting which will decide the interest rate to curb inflation.
