James Butterfill, head of research at CoinShares, noted that inflows were heavily concentrated: “Unusually, almost all inflows were directed into a single provider, iShares, and one specific investment product. Following recent price gains, total assets under management reached an all-time high of $244 billion on August 13.”
While inflows were widespread across multiple digital assets, Ethereum stood out as the dominant contributor, far surpassing Bitcoin in both weekly and year-to-date (YTD) commitments.
The scale of capital moving into Ethereum also meant that, relative to assets under management, inflows represented 29% of total Ethereum AuM, compared with Bitcoin’s 11.6%.
By comparison, Bitcoin products recorded $552 million in inflows during the week. Although still a substantial figure, it lagged considerably behind Ethereum. Other altcoins also attracted investor attention, with Solana seeing $176.5 million and XRP recording $125.9 million in inflows.
Geographically, the United States accounted for 99% of all inflows, totaling $3.73 billion. Other markets recorded modest figures: Canada registered $33.7 million, Hong Kong added $20.9 million, and Australia saw $12.1 million. On the other hand, Brazil and Sweden bucked the trend, recording outflows of $10.6 million and $49.9 million, respectively.
Featured image created with DALL-E, Chart from TradingView
