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Bitcoin and Ether lead crypto fund inflows as Europe adds $43 million

Press Releases Crypto News CryptoBriefing Bitcoin and Ether lead crypto fund inflows as Europe adds $43 million

According to a recent report, digital asset investment products saw an 11th straight week of inflows totaling $43 million. However, the latest inflows represent a decline compared to prior weeks as some investors take a cautious stance amid recent price increases.

Bitcoin remains investors’ primary focus, attracting $20 million of fresh inflows last week and bringing its year-to-date total to $1.7 billion. Bitcoin’s short positions saw inflows of $8.6 million, signaling that some investors see the current Bitcoin price level as potentially unsustainable.

Ethereum continues its remarkable rebound after heavy outflows earlier this year, posting its 6th consecutive week of inflows worth $10 million. Just seven weeks ago, Ethereum had seen $125 million of outflows year-to-date, which turned into $19 million of net inflows this past week.

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. 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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Author: Ana Ojeda

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