Europe invests $43 million in crypto funds with Bitcoin and Ether being the top choices

Europe is leading the way in crypto investments, while the US and Asia are losing ground, according to a recent report. Digital asset investment products saw an 11th straight week of inflows totaling $43 million, but this represents a decline compared to prior weeks as some investors take a cautious stance amid recent price increases.

Bitcoin remains the primary focus for investors, attracting $20 million of fresh inflows last week and bringing its year-to-date total to $1.7 billion.

Ethereum continues its remarkable rebound, posting its 6th consecutive week of inflows worth $10 million. Other altcoins like Solana and Avalanche remain popular with investors, seeing inflows of $3 million and $2 million last week, respectively. Blockchain-focused stocks also saw record weekly inflows of $126 million amid growing institutional appetite for crypto and web3 exposure.

Regionally, Europe dominated flows into digital assets with last week’s $43 million inflows, while the US saw more modest inflows of $14 million, half of which went into short positions. Markets like Hong Kong and Brazil saw minor outflows of $8m and $4.6m, respectively.

The report indicates that digital asset investments remain appealing, but some investors are cautious after the latest price run-up. Bitcoin and Ethereum lead the way in assets attracting fresh money, while crypto-focused stocks also see surging interest.