Crypto Inflows Reach $2.48B as Ethereum Outpaces Bitcoin in August
TLDR
- Crypto inflows reached $2.48 billion last week, with Ethereum attracting the majority of the capital.
- Ethereum outpaced Bitcoin with $1.4 billion in inflows, while Bitcoin saw a net outflow of $301 million in August.
- The total crypto inflows for August amounted to $4.37 billion, pushing year-to-date inflows to $35.5 billion.
- Ethereum’s growth continues to be driven by network development and decentralized finance (DeFi) adoption.
- Despite positive inflows, total assets under management (AUM) dropped 10% to $219 billion amid macroeconomic concerns.
Crypto inflows reached $2.48 billion last week, with Ethereum maintaining its dominance over Bitcoin. The influx of capital pushed August’s total to $4.37 billion,…
