Digital asset investment products saw robust inflows of $2.48 billion last week, lifting total inflows for August to $4.37 billion and year-to-date inflows to $35.5 billion, according to CoinShares’ Weekly Fund Flows report.
Despite strong weekly demand, total assets under management fell 10% from recent highs to $219 billion after Friday’s Core PCE data dashed hopes for a Fed rate cut and prompted profit-taking.
Regionally, the United States led inflows at $2.29 billion. Switzerland contributed $109.4 million, Germany $69.9 million and Canada $41.1 million, suggesting that the late-week outflows reflected portfolio rebalancing rather than a broader shift in sentiment.
Ethereum continued to dominate flows, attracting $1.40 billion, while Bitcoin saw $748 million of inflows. For the month of August, Ethereum has amassed $3.95 billion versus $301 million of net outflows from Bitcoin.
Among other tokens, optimism around potential U.S. ETF launches drove Solana inflows of $177 million and XRP inflows of $134 million.
The news comes a week after CoinShares reported the largest capital outflow since March.
Read More: Bitcoin bears $1 billion capital exodus as crypto ETPs reach March‐highs in outflows: CoinShares
