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Ethereum Dominates as Digital Asset Inflows Hit $3.75bn
Digital asset investment products saw US$3.75bn inflows, the fourth-largest on record, driving AuM to an all-time high of US$244bn.
Ethereum led with US$2.87bn inflows (77% of total), pushing YTD inflows to a record US$11bn, far surpassing Bitcoin on a proportional basis.
Solana and XRP saw inflows of US$176.5m and US$125.9m respectively. Conversely, Litecoin and Ton saw outflows of US$0.4m and US$1m respectively.
Digital asset investment products saw US$3.75bn in inflows last week, the fourth-largest on record, marking a strong rebound after several weeks of tepid sentiment. Unusually, almost all inflows were concentrated in a single provider, iShares, and one specific investment product. Total assets under management (AuM) reached an all-time high of US$244bn on 13th August following recent price rises.
Regionally, the United States dominated flows, accounting for 99% of the total (US$3.73bn). Smaller inflows were recorded in Canada (US$33.7m), Hong Kong (US$20.9m), and Australia (US$12.1m). Meanwhile, Brazil and Sweden saw modest outflows of US$10.6m and US$49.9m respectively.
Ethereum continues to steal the show, with inflows totalling a record US$2.87bn last week, representing 77% of total weekly inflows, also bringing year-to-date (YTD) inflows to a record US$11bn. The inflows far outstrip Bitcoin, with YTD inflows representing 29% of AuM compared to Bitcoin’s 11.6%.
Bitcoin saw modest inflows in comparison, totalling US$552m, while assets Solana and XRP saw substantive inflows of US$176.5m and US$125.9m respectively. Conversely, Litecoin and Ton saw minor outflows of US$0.4m and US$1m respectively.
