Digital asset investment products staged a comeback last week, drawing $2.48 billion in inflows and reversing prior withdrawals, according to CoinShares’ latest fund flows data.
August inflows across products now total $4.37 billion, lifting year-to-date net inflows to $35.5 billion. Activity was robust through the week but turned negative on Friday after the Core PCE inflation release, which dimmed hopes of a September Fed rate cut and sapped investor enthusiasm. Combined with weak price action, these factors pressured the market and drove total assets under management down about 10% from recent highs to $219 billion.
Ethereum emerged as the dominant beneficiary of investor interest, attracting $1.4 billion in inflows last week compared with $748 million into Bitcoin over the same period. That momentum pushed Ethereum’s August inflows to roughly $3.95 billion — effectively a $4 billion month — while Bitcoin slipped to $301 million in outflows for August overall. The divergence underscores an ongoing rotation into smart-contract and Layer 1 exposure even as Bitcoin remains central to crypto market narratives.
- Solana: $177 million inflows
- XRP: $134 million inflows
- Cardano: $5.2 million inflows
- Chainlink: $3.6 million inflows
- Multi-asset products: $0.7 million inflows
- Sui: $5.8 million outflows
Regional flows showed broad participation, led by the United States with $2.29 billion of inflows. Other notable regional figures include:
- Switzerland: $109.4 million
- Germany: $69.9 million
- Canada: $41.1 million
- Hong Kong: $12.4 million
- Australia: $2.9 million
- Brazil: $1.6 million
- Sweden: more than $45 million in outflows
“The picture is mixed: inflows and geographic breadth point to sustained institutional and retail demand across crypto, DeFi and ETF-related products, yet sensitivity to macro data and price volatility highlights the market’s fragility.”
Investors will be watching upcoming economic releases and ETF developments closely as flows and sentiment continue to shape sector performance.
