Crypto Funds Attract $4.37 Billion in August

Ethereum products were the main beneficiary of the latest weekly inflow

Between August 22 and 30, inflows into digital asset-based investment products reached $2.48 billion. By the end of last month, the total figure amounted to $4.37 billion, according to CoinShares. 

Since the beginning of the year, crypto funds have received $35.5 billion. The total volume of funds in these instruments was estimated at $219 billion. Amid a correction, the figure dropped by 10% from its peak values. 

The main beneficiary of the latest weekly inflow remained Ethereum products, which accounted for $1.4 billion. Bitcoin-focused structures attracted $748 million. 

“In August, the gap became even more noticeable: net inflow into Ethereum-based funds was $3.95 billion, while Bitcoin products recorded an outflow of $301 million,” analysts noted.

Among altcoins, structures based on Solana and XRP stood out, attracting $177 million and $134 million respectively. The positive trend was driven by optimism regarding ETF approval for these assets. 

Regionally, the United States led with $2.29 billion, followed by ($109.4 million), Germany ($69.9 million), and Canada ($41.1 million).

Earlier, from August 16 to 22, digital asset-based investment products lost $1.43 billion amid concerns over the decision by the Fed.