Digital asset investment products saw inflows of $2.48 billion last week, reversing outflows from the previous week, according to industry data released Monday. The gains pushed August inflows to $4.37 billion and lifted year-to-date totals to $35.5 billion.
The week ended with a setback, however, as Friday flows turned negative following the release of U.S. Core PCE inflation data. The figures, which did not bolster expectations of a September interest rate cut by the Federal Reserve, dampened sentiment among digital asset investors. Combined with recent declines in prices, assets under management for the sector fell 10% from their recent peak to $219 billion.
U.S. Leads Digital Asset Regional Inflows
The United States remained the primary driver of inflows, accounting for $2.29 billion of the weekly total. Other regions also reported gains, underscoring a broad-based recovery in sentiment. Switzerland recorded inflows of $109.4 million, followed by Germany with $69.9 million and Canada with $41.1 million.
Analysts suggested that Friday’s downturn was more likely linked to investors taking profits rather than signalling the start of a wider reversal. The spread of inflows across multiple markets was cited as evidence that overall sentiment remains resilient.
Ethereum Outpaces Bitcoin
Ethereum continued to outperform Bitcoin, drawing $1.4 billion in inflows compared with Bitcoin’s $748 million. For August, Ethereum has attracted $3.95 billion, while Bitcoin has seen outflows of $301 million.
Other altcoins also registered positive activity. Solana posted $177 million in inflows, while XRP drew $134 million. Both assets benefited from ongoing speculation about the possible launch of exchange-traded funds tied to U.S. markets.
Despite the late-week pullback, inflows across multiple digital assets highlighted continued investor interest, even as monetary policy uncertainties weighed on risk sentiment.
