US leads $2.48 billion crypto inflow as Ethereum outshines Bitcoin in August
Global crypto investment products swung back into positive territory last week, recording $2.48 billion in net inflows after a period of withdrawals, according to CoinShares‘ weekly report.
The renewed momentum lifted August’s total net inflows to $4.37 billion, pushing year-to-date commitments to $35.5 billion.
James Butterfill, head of research at CoinShares, noted that inflows remained strong until late in the week. According to him, sentiment shifted on Friday after the release of Core PCE inflation data, which failed to reinforce expectations for a September rate cut by the Federal Reserve.
That disappointment, combined with declining price momentum, weighed on the broader market and drove total assets under management down 10%…
