Coinshares Logs $2.48B Weekly Digital Asset Inflows; August Totals $43.7B
According to CoinShares, digital asset funds saw $4.37B August inflows, while AUM fell 10% to $219B. Weekly inflows hit $2.48B, mostly from the U.S.; Ethereum drew $3.95B as Bitcoin lost $301M.
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Summary
CoinShares data shows digital asset investment products recorded $4.37 billion net inflows in August, while year-to-date inflows total $3.55 billion. Total assets under management fell 10% to $219 billion. The latest week saw $2.48 billion of inflows, largely from the U.S. Ethereum led with $3.95 billion August inflows; Bitcoin saw $301 million outflows. Solana and XRP posted $177 million and $134 million inflows, respectively, attributed to ETF expectations.
Terms & Concepts
- Assets under management (AUM): The total market value of assets managed by an investment firm or product; here referring to digital asset funds.
- Exchange-traded fund (ETF): A fund traded on stock exchanges that provides exposure to an underlying asset or index, including cryptocurrencies.
- Net inflows: The amount of capital entering funds over a period after subtracting outflows.