August turned out to be a blockbuster month for Ethereum (ETH), with investors pouring billions into ETH-focused products and leaving Bitcoin (BTC) in the shadows.
According to the latest CoinShares data, crypto investment products attracted $2.48 billion just last week, pushing August’s net inflows to $4.37 billion. Year-to-date, inflows now stand at a hefty $35.5 billion. Despite the bullish run in investments, overall assets under management slipped about 10% to $219 billion, weighed down by the recent market correction and muted sentiment around a potential Fed rate cut in the U.S.
Ethereum products stole the spotlight, pulling in $1.4 billion in a week — nearly double the $784 million that went into Bitcoin funds. The gap becomes even clearer when looking at the full month: ETH has raked in $3.95 billion in August, while Bitcoin is down with $301 million in net outflows.
The U.S. led the charge with $2.29 billion in inflows, while Europe and Canada also showed strength — Switzerland added $109.4 million, Germany $69.9 million, and Canada $41.1 million.
Beyond the two giants, Solana (SOL) products continued to gain momentum, attracting $177 million, while Ripple (XRP) funds saw $134 million in inflows.