More Money Flowing into Cryptocurrencies

Bitcoin is still the main focus for investors, with $663 million pouring in. However, investment products betting against Bitcoin saw their third straight week of money leaving, totaling $9.5 million. Ethereum has also seen outflows for four weeks straight, with $22.5 million exiting the market.

But there's a shift happening, as other cryptocurrencies are gaining attention. Litecoin, Solana, and Filecoin received significant investments, attracting $4.4 million, $4 million, and $1.4 million, respectively.

Different Sentiments Across Regions

The sentiment towards cryptocurrencies varies across different parts of the world. In the United States, there was an additional $648 million invested. Brazil, Hong Kong, and Germany also saw inflows of $10 million, $9 million, and $9.6 million, respectively.

However, Switzerland and Canada experienced money leaving the crypto market, with outflows of $27 million and $7.3 million, respectively.

Conclusion

As the crypto market continues to evolve, investors are diversifying their portfolios beyond just Bitcoin and Ethereum. This diversification is reflected in the varying regional sentiments towards cryptocurrencies, with some countries seeing significant inflows while others experience outflows.