In August, Ethereum's capital inflow doubled, surpassing Bitcoin! The United States leads the $2.48 billion encryption investment frenzy.

According to CoinShares' latest weekly report, global crypto investment products experienced a strong rebound in August, with a net inflow of 2.48 billion USD last week, pushing the cumulative inflow for the month to 4.37 billion USD. Among them, Ethereum (ETH) stood out, with weekly inflows almost double that of Bitcoin (BTC), and the U.S. market led the global influx of funds with an overwhelming advantage.

Global encryption market funds warm up

CoinShares data shows that year-to-date, the cumulative capital commitments of encryption investment products have reached $35.5 billion.

Research director James Butterfill stated that fund inflows remained strong for most of last week, but after the U.S. Core PCE inflation data was released on August 29, market sentiment turned, as the data failed to strengthen market expectations for a rate cut by the Federal Reserve in September.

As a result, the total assets under management (AUM) fell by 10% to $219 billion.

Ethereum's capital-raising ability surpasses Bitcoin

In terms of fund distribution, ETH has once again become the investors' first choice.

ETH Focused Fund: $1.4 billion inflow in a single week

BTC Focused Fund: Weekly Inflow of $748 Million

This gap is even more pronounced in the monthly data—ETH saw a cumulative capital inflow of 3.95 billion dollars in August, while BTC recorded a net outflow of 301 million dollars.

CoinShares believes that this reflects investors engaging in tactical asset reallocation, moving some funds from Bitcoin to major assets such as Ethereum.

Solana and XRP benefit from capital transfer

In addition to ETH, other altcoins also benefit from the redistribution of funds:

Solana (SOL): Weekly inflow of 177 million USD

Ripple (XRP): Weekly inflow of $134 million, driven by expectations of spot ETF approval.

Cardano (ADA): inflow of 5.2 million USD

Chainlink (LINK): inflow of 3.6 million USD

Sui (SUI): Outflow of 5.8 million USD

SOL and XRP attracted nearly $700 million in funding in August, indicating a structural bullish sentiment in the market for certain altcoins.

US capital inflow leads globally

In terms of regional distribution, the United States remains the main force in global encryption investment:

United States: Weekly inflow of 2.29 billion USD

Switzerland: Inflow of 109.4 million USD

Germany: Inflow of 69.9 million USD

Canada: Inflow of 41.1 million USD

CoinShares pointed out that the broad distribution of capital inflows indicates that last Friday's price pullback is more likely a short-term profit-taking rather than the beginning of a deep correction.

Conclusion

Data from August clearly shows that Ethereum has fully surpassed Bitcoin in terms of capital attractiveness, while the US market continues to play the role of a global capital engine. With the warming expectations for ETFs and changes in asset allocation strategies, assets such as ETH, SOL, and XRP may continue to benefit in the upcoming quarters.