Crypto Funds See $3.75B Weekly Surge – Ethereum Claims 77% of It
Global crypto asset investment products saw a significant rebound in investor interest last week, with inflows totaling $3.75 billion, according to CoinShares’ latest fund flows report. The figure marks the fourth-largest weekly inflow on record, highlighting renewed activity following several weeks of muted sentiment across the sector.
James Butterfill, head of research at CoinShares, noted that inflows were heavily concentrated: “Unusually, almost all inflows were directed into a single provider, iShares, and one specific investment product. Following recent price gains, total assets under management reached an all-time high of $244 billion on August 13.”
While inflows were widespread across multiple digital assets, Ethereum…
