CoinShares’ digital asset fund flows report revealed $2.5 billion in crypto investment products last week, boosting August inflows to $4.37 billion and YTD to $35.5 billion. Ethereum surpassed Bitcoin in inflows. The previous week saw a $223 million outflow, with Bitcoin being the main contributor. Ethereum led inflows in August with $1.4 billion.

Investors saw a rebound with $2.48 billion in inflows, bringing August total to $4.37 billion and YTD to $35.5 billion. Negative price momentum led to a 10% drop in Assets Under Management, with Ethereum leading inflows at $1.4 billion. Bitcoin experienced outflows of $301 million in August.

Bitcoin is trading at $108,421.26, down 1.07%, while Ethereum is at $4,407.32, down 1.13%. Solana and XRP saw inflows of $177 million and $134 million due to optimism around potential US crypto-based ETF launches. Wall Street Pepe (WEPE) is transitioning from Ethereum to Solana, entering the meme coin action. Fans are excited for new profit opportunities in the different ecosystem.

Read more at Yahoo Finance: Crypto Investment Products Bag $2.5 Billion Inflow Amid Ethereum Dominance