Digital Asset Funds See Significant Inflows in August

According to PANews, recent data from CoinShares reveals that digital asset funds experienced a net inflow of $4.37 billion in August, bringing the year-to-date total to $3.55 billion. Despite this influx, the assets under management decreased by 10% to $219 billion. Last week alone, there was a net inflow of $2.48 billion, with the United States contributing $2.29 billion. Switzerland, Germany, and Canada followed with inflows of $109 million, $69.9 million, and $41.1 million, respectively. Ethereum saw a substantial monthly inflow of $3.95 billion, significantly surpassing Bitcoin, which recorded a net outflow of $301 million. Solana and XRP also benefited from expectations surrounding U.S. ETFs, with inflows of $177 million and $134 million, respectively.