Crypto Investment Products See $2.48B Weekly Inflows, Pushing August Total to $4.37B

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Digital asset investment products bounced back last week, drawing in $2.48 billion in inflows after a brief period of outflows.

Key Takeaways:

  • Digital asset products saw $2.48B in weekly inflows, pushing August’s total to $4.37B.
  • Ethereum led the charge with $1.4B in inflows, while Bitcoin saw continued outflows.
  • Altcoins like Solana and XRP gained momentum on optimism around potential U.S. ETF launches.

The surge pushed August’s total inflows to $4.37 billion, bringing the year-to-date figure to $35.5 billion, according to a Monday report by CoinShares.

Crypto Inflows Cool as Core PCE Data Dampens Fed Rate Cut Hopes

Despite the strong showing, momentum slowed on Friday after the release of Core PCE inflation data, which tempered hopes of a Federal Reserve rate cut in September.

The Fed’s preferred...

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