CoinShares quarterly reports

Ethereum Leads $176M Digital Asset Inflows with $155M, Bitcoin at $13M

Aug 12, 2024, 09:49 AM

Digital asset investment products experienced significant inflows last week, totaling $176 million, according to CoinShares. Ethereum led the surge with $155 million in inflows, outpacing Bitcoin's $13 million. This marks a notable increase in interest, as investors took advantage of recent market weaknesses. Ethereum ETFs saw net inflows of $104 million this week, marking the first week of net positive flows. The iShares Ethereum ETF alone has attracted over $900 million in less than three weeks and is expected to reach $1 billion soon, already ranking as a top 6 launch of 2024. This trend reflects a growing positive sentiment towards Ethereum and digital assets, despite a recent market downturn.