Among altcoins, Solana (SOL) investment vehicles had the greatest net inflows of $24 million.
The cryptocurrency-focused investment funds had net inflows of $326M last week.
Digital asset investment company CoinShares stated on Monday that cryptocurrency-focused investment funds had net inflows of $326M last week, the highest weekly inflow since July 2022. According to CoinShares, the primary motivation for the adjustment is the price increase brought on by rising expectations that the United States SEC would approve the first spot bitcoin ETF.
James Butterfill, CoinShares head of research stated:
“We do believe a spot-based ETF is now highly likely in the coming months, and will represent a step-change for the industry from a regulatory perspective.”
Bitcoin Leads the Way
While last week’s inflows were substantial, they were still the 21st greatest weekly increase in the three years that CoinShares has been tracking this information, suggesting that investors may still be wary
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