Last week, Ethereum investment products saw $155m inflows, contributing to the crypto sector's AUM rising to $85bn.
Bitcoin and Ethereum investment products experienced $176m inflows last week, with Ethereum leading the way with $155m inflows, bringing its year-to-date inflows to $862m, its highest since 2021. This growth is attributed to the launch of U.S. spot-based ETFs, which have been a key driver for Ethereum's strong performance. Bitcoin's week started with outflows but ended with $13m in net inflows, while short Bitcoin ETPs experienced outflows of $16m. As a result, the total assets under management (AUM) for crypto investment products increased to $85bn, bouncing back from a dip to $75bn during the market correction.
August 11, 2024
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