June 26 (Cointime) - According to a report by CoinShares, there has been a surge in activity surrounding exchange-traded funds, resulting in the largest weekly inflow for digital asset investment products since July 2022. The inflows for the week of 19-23 June totalled $199 million, with Bitcoin representing 94% of overall inflows at $187 million.
CoinShares analysts attribute the reversal to increasing activity from exchange-traded product issuers in the ETF space, who have filed for physically backed ETFs with the US Securities and Exchange Commission. The uptick in Bitcoin inflows has had a small knock-on effect for Ether, but there has been little to no positive movement for altcoins.
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