Investment products in encryption, watched weekly flows of $ 2.48 billion, which prompted August to $ 4.37 billion

Investment products in digital assets wore last week, attracting $ 2.48 billion in flows shortly after external flows.

Main meals:

• Digital asset products witnessed $ 2.48 billion in weekly flows, which prompted August to $ 4.37 billion.

• Ethereum led the charge of $ 1.4 billion in flows, while Bitcoin continued external flows.

• Altcoins, such as Solana and XRP, has gained optimism about the possible ETF launch operations in the United States.

The increase in August’s total flows paid $ 4.37 billion, thus the number reaches 35.5 billion dollars, according to a report on Monday by Coinshares.

Despite the strong offer, the momentum slowed on Friday after the launch of the basic inflation data of PCE, which reduced its hopes of reducing the federal reserve rate in September.

The preferred inflation scale of the Federal Reserve, which is the basic personal consumption expenditure index (PCE), showed an annual increase by 2.9 % in July, which is the highest since February.

The news, in addition to the last price pressure through the encryption markets, caused a decrease in feelings and summarized the total assets under the administration by 10 % to 219 billion dollars.

The United States remained the clear leader, representing $ 2.29 billion of flows last week. Switzerland, Germany and Canada also recorded gains of 109.4 million dollars, 69.9 million dollars and 41.1 million dollars, respectively.

Analysts suggest that a decline on Friday probably reflects the achievement of profits rather than a broader transformation in investor morale.

Ethereum continued to outperform her peers, and attracted $ 1.4 billion of flows last week alone. In August, ETHEREUM achieved approximately $ 4 billion, while Bitcoin had deployed external flows of $ 301 million.

Meanwhile, Altcoins, such as Solana and XRP, gained more traction on the expectations of possible exchange money in the United States (ETFS). Solana recorded 177 million dollars in flows, while XRP followed $ 134 million.

The latest numbers show a renewed appetite for digital assets, especially among investors looking for bitcoin alternatives and betting on future ETF approvals.

It also mentioned, the US Securities and Stock Exchange Committee (SEC) Currently review 92 ETF encryption applicationsAccording to Bloomberg Intelligence analyst James Sevart.

A detailed spreadsheet published on August 28 shows that most of these deposits, especially those related to Solana, XRP and Litecoin, face the final decisions by October.

The new wave of applications reflects the increasing interest in the circulating investment funds that focus on Altcoin and can provoke fresh capital flows in the encryption market.

Solana and XRP lead ETF, with eight and seven suspended requests, respectively. This Altcoins is now ranked most targeted for encryption investments after Bitcoin and Ethereum.