Global crypto asset investment products recorded net inflows of 2.48 billion dollars last week

Last week, global crypto asset (cryptocurrency) investment products saw inflows of 2.48 billion dollars (3.4536 trillion won).

On the 1st (local time), CoinShares said in a report, "Crypto asset investment products saw inflows of 2.48 billion dollars last week," adding, "In August alone, inflows totaled 4.37 billion dollars." Year-to-date inflows approached 35.5 billion dollars.

The report analyzed, "While inflows were generally strong, they turned negative on the 29th," attributing this to "July's core Personal Consumption Expenditures (PCE) exceeding inflation, which lowered expectations for rate cuts."

By asset, Ethereum (ETH) products recorded the largest net inflows at 1.4194 billion dollars. Over the past month, as much as 3.95 billion dollars flowed in. Bitcoin (BTC) saw inflows of 748 million dollars; however, on a one-month basis it recorded net outflows of 301 million dollars. The report assessed, "Ethereum continues to outperform Bitcoin."

Major altcoins also showed a strong trend. XRP and Solana (SOL) recorded net inflows of 134 million dollars and 177 million dollars, respectively. The surge in inflows is attributed to growing expectations for a spot exchange-traded fund (ETF) in the United States.

By country, inflows from the United States were strong. U.S.-based crypto products alone saw net inflows of about 2.29 billion dollars, while Switzerland, Germany, and Canada recorded inflows of 109.4 million dollars, 69.9 million dollars, and 410.1 million dollars, respectively. By contrast, Sweden recorded a net outflow of 45.2 million dollars.