Global crypto investment products attracted $2.48 billion in net inflows last week, with Ethereum-based funds leading the surge despite broader market price declines.
Ethereum investment products captured $1.4 billion in inflows, significantly outpacing Bitcoin products which recorded $748 million. The trend continued Ethereum’s August dominance, accumulating $3.95 billion in monthly inflows compared to Bitcoin’s $301 million in outflows.
United States markets drove the majority of activity with $2.29 billion in weekly inflows. Switzerland, Germany, and Canada also showed positive sentiment, contributing $109.4 million, $69.9 million, and $41.1 million, respectively, according to CoinShares data.
Strong inflows continued throughout most of the week before turning negative on Friday. Core PCE data failed to support Federal Reserve rate cut expectations for September, disappointing digital asset investors and triggering profit-taking behavior.
Solana and XRP investment products benefited from optimism surrounding potential spot U.S. ETF launches. Solana funds attracted $177 million while XRP products saw $134 million in inflows, driven by regulatory approval speculation.
August totals reached $4.37 billion in net inflows, bringing year-to-date figures to $35.5 billion. However, assets under management declined 10% from recent peaks to $219 billion amid negative price action across major cryptocurrencies.
The broad regional spread of inflows suggests Friday’s outflows represented profit-taking rather than fundamental sentiment shifts. James Butterfill, CoinShares Head of Research, noted the pattern indicates continued institutional confidence in the asset class.
Bitcoin struggled below $108,000 after briefly trading above $113,000 earlier in the week. Ethereum similarly tumbled under $4,300 from weekly highs above $4,600, reflecting broader market volatility despite sustained institutional interest.
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