🇹🇷 Digital asset investment products continued to see significant inflows last week, reaching their highest volume levels since July 2023. According to CoinShares' weekly analysis report dated October 9, crypto investment products saw inflows of $78 million for the second week in a row.

According to CoinShares, the volume of crypto exchange-traded products (ETPs) increased by 37% last week, reaching $1.1 billion. The report states that Bitcoin (BTC) volume on reliable exchanges also increased by 16%.

Solana (SOL), the eighth-largest cryptocurrency by market cap, continues to emerge as the “altcoin of choice” with weekly inflows reaching the highest level since March 2022. According to CoinGecko data, the cryptocurrency is up about 14% in the last 30 days but is down 32% over the past year.

CoinShares' report stated that 90% of all crypto asset inflows came from Europe, while the US and Canada saw only $9 million in inflows in total. According to the data, Germany and Switzerland were the biggest contributors to inflation, with inflows of $37.3 million and $31.3 million, respectively.

CoinShares is launching its first offerings in the US in September 2023 as it looks to expand its operations in the US, where it believes it is a global leader in digital asset development and regulation. How do you think these developments will affect the cryptocurrency market? We are waiting your comments.