Switzerland Could Be A Haven For Crypto Investment, Here’s Why

Nidhish Shanker
July 26, 2022
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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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. 

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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. 

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The Impact Of Price Rally On Crypto

BTC investment products saw an inflow of $19M while the week prior had an inflow of $206M. This is the largest inflow into BTC investment products since May 2022. Similarly, Ethereum digital assets saw a weekly inflow of $8 M the last week, following the prior week’s US$ 120M. That is the largest such increase since June 2021. 

ETH’s price rallied in the last two weeks following the announcement of the ETH merge’s date. As a result of the rally, the month-to-date inflows of all digital asset investments are at $394M while the Asset-Under-Management has reached back to USD 30 billion. 

Short Bitcoin, which reached an ATH of USD 145M in Assets Under Management on July 13th, saw a significant outflow which reduced its current AUM to USD 133M. 

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Nidhish is a technology enthusiast, whose aim is to find elegant technical solutions to solve some of society's biggest issues. He is a firm believer of decentralization and wants to work on the mainstream adoption of Blockchain.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.