Last week, digital assets showed positive dynamics, returning to capital inflows after previous outflows.
Investment Trends in Digital Assets
Last week, digital asset investment products recorded $2.48 billion in inflows. According to CoinShares, total inflows for August reached $4.37 billion, lifting the year-to-date total to $35.5 billion. However, flows turned negative on Friday following the Core PCE release, dampening investor sentiment.
Interest in Ethereum and Alternatives
According to the latest CoinShares report, investor sentiment significantly leaned toward Ethereum, bringing in $1.4 billion in inflows compared to Bitcoin’s $748 million. Ethereum’s inflows for August now stand at $3.95 billion, while Bitcoin faces $301 million in outflows. Additionally, Solana and XRP gained $177 million and $134 million in inflows, indicating a diversification trend.
Regional Trends in Investments
The United States continued to dominate regional inflows, pulling in $2.29 billion last week. Other regions also saw positive sentiment, with Switzerland recording $109.4 million, Germany $69.9 million, and Canada $41.1 million. However, Sweden recorded over $45 million in outflows. CoinShares noted that this broad regional participation in inflows reflects a healthy appetite for digital assets.
Despite some fragility observed in recent weeks, the improvement in investor sentiment and positive capital inflows into Ethereum and other cryptocurrencies suggests a potential recovery of interest in digital assets.
