According to a CoinShares weekly market report, digital asset investment products experienced their fourth consecutive week of inflows, with Bitcoin leading the pack at $55.3 million. This surge in interest is attributed to investors anticipating the approval of a spot BTC ETF in the United States. The report also highlighted a decrease in the United States market share and an increase in assets under management (AUM). Solana remained the preferred altcoin for institutional investors, with $15.5 million in inflows and $74 million year-to-date. Ethereum, on the other hand, experienced outflows. The approval of a spot BTC ETF has generated significant interest among institutional investors, with many institutions projecting potential approval based on recent developments and amendments by Grayscale, BlackRock, Fidelity Digital, and Ark Invest. However, recent investments in the back of this renewed push have been more cautious compared to the higher investments seen in June. Europe outperformed the United States in terms of geographical distribution of inflows.
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