Digital asset investment products snapped back into positive territory last week, pulling in roughly $2.5 billion after a stretch of withdrawals, new figures from CoinShares show.
Momentum was strong until late in the week, when U.S. inflation data dampened hopes for a September Fed rate cut. The release triggered a short bout of profit-taking and dragged total assets under management to $219 billion, about 10% lower than the prior week.
Ethereum was the clear standout. The second-largest crypto by market cap attracted $1.4 billion in fresh allocations, nearly twice the $748 million directed toward Bitcoin.
The divergence is even starker over the full month: Ethereum funds added nearly $4 billion in August, while Bitcoin products bled more than $300 million. CoinShares analysts described the trend as a tactical rotation away from BTC into other majors.
Altcoins also benefited from the shift. Solana products absorbed $177 million, and XRP pulled in $134 million, buoyed by growing ETF speculation. Cardano and Chainlink recorded modest inflows, while Sui registered net outflows of $5.8 million.
Regionally, U.S. vehicles dominated activity with $2.3 billion of last week’s inflows. Switzerland, Germany, and Canada trailed with significantly smaller commitments. CoinShares suggested the late-week dip looked more like short-term profit-taking than the start of a broader reversal.
