Ether Investment Products See Largest Weekly Inflows Since March

Ether Investment Products See Largest Weekly Inflows Since March

From bnnbloomberg.ca

A surprise decision from the U.S. Securities and Exchange Commission to allow Ether exchange-traded funds likely led to the largest weekly inflows in months into investment products holding the second-largest cryptocurrency, according to CoinShares International Ltd. Investment products worldwide holding Ether saw $69 million in investor inflows in the week ended Friday, according to a report from the digital asset manager and crypto research firm. That’s the highest since March. The SEC unexpectedly ruled on May 23 to advance the approval process for a US Ethereum ETF. Bitcoin products saw inflows of almost $2 ... (full story)

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