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09/02 13:01
Ethereum Dominates $2.48B Weekly Crypto Investment Inflows! Ethereum led the crypto market last week with $1.4 billion in inflows, outpacing Bitcoin’s $748 million, as part of a $2.48 billion total influx into digital asset investment products. This surge, reported by CoinShares, lifted August’s inflows to $4.37 billion and year-to-date totals to $35.5 billion. U.S. spot Ethereum ETFs accounted for $1.08 billion of the weekly figure, while Bitcoin ETFs saw $440.8 million. Solana and XRP also gained traction with $177 million and $134 million in inflows, respectively, fueled by optimism around potential U.S. ETF launches. Despite the inflows, assets under management dropped 10% to $219 billion due to negative price action, with a late-week pullback linked to profit-taking after disappointing U.S. Core PCE data dampened hopes for a Federal Reserve rate cut. Ethereum’s dominance reflects growing institutional interest and a shift in investor preference, with August seeing $3.95 billion in Ethereum inflows compared to Bitcoin’s $301 million in outflows.#RedSeptember #GoldPriceRecordHigh $ETH #ETH
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