he digital asset market is experiencing significant growth, with inflows totaling $78 million in the latest week, marking the highest point since July. A recent market report from CoinShares highlights this substantial growth, driven by increased investor interest in crypto products across various jurisdictions.

According to the report, crypto products have witnessed inflows for the second consecutive week, a welcome change from previous weeks characterized by outflows resulting from market value declines and regulatory uncertainties in the United States.

Exchange-traded products (ETPs) have also seen impressive growth, surging by 37% over the past seven days, reaching a total of $1.13 billion in assets.

Bitcoin (BTC) has emerged as the standout performer, attracting inflows of $43 million. Additionally, short Bitcoin positions have gained $1.2 million after several weeks of outflows. This past week has seen a substantial increase in institutional investors' participation in the crypto space.

In contrast, Ethereum (ETH) experienced a modest uptick in activity following the launch of six exchange-traded funds (ETFs). While these funds managed to attract $10 million in their first week, Bitcoin's impressive $1 billion inflow during the same period suggests that institutional investors remain more bullish on Bitcoin than Ethereum, compared to their sentiment in 2021. This trend is further reflected in Ethereum's performance over the previous week, with seven consecutive weeks of outflows totaling $1.5 million.

Solana (SOL) has continued to be a favorite among institutional investors in recent months, maintaining its strong performance last week with $24 million in inflows, the highest since March 2022. Solana has maintained a streak of 27 consecutive weeks of inflows, with only four instances of outflows this year, solidifying its position despite significant Ethereum developments during the same week. Solana is currently trading at $22.22, representing a 4% decline in the day and a 30% increase over the past 12 months. Additionally, Bitcoin volumes have surged by 16% across reputable exchanges in the last seven days.

For the first time in six weeks, the total market for crypto products saw a shift, recording $21 million in inflows, breaking the streak of consecutive outflows.

Europe has outperformed the United States in recent weeks, with European investors contributing the majority of inflows. Last week, 90% of the total inflows originated from Europe, leaving the United States and Canada with a combined $9 million. Germany and Switzerland led the pack, accounting for $37.3 million and $31.3 million, respectively, making up 88% of the total weekly inflows.

Europe's advantage over the United States can be attributed to regulatory clarity, while the U.S. continues to grapple with regulatory delays, resulting in multiple court cases involving the Securities and Exchange Commission (SEC).