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

Alisha Dar
12 Dec 2023
Europe leads in crypto investments as US and Asia lag behind, with Bitcoin and Ethereum attracting fresh inflows while investors remain cautious amid recent price increases.

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.

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