Bitcoin remains dominant by market cap amid institutional shift to ETH

August recorded crypto fund inflows amounting to $4.37 billion cumulatively, increasing the YTD inflows to $35.5 billion despite falling prices in the crypto ￰0￱ the past week, approximately $2.5 billion of crypto funds’ net inflows were recorded, effectively reversing the prior ￰1￱ ETFs led the market with $1.4 billion in inflows over the past week and $3.95 billion in August, while Bitcoin saw a net outflow of $301 ￰2￱ ￰3￱ inflows with $2.29 billion, followed by Switzerland with $109.4 million, Germany with $69.9 million, and Canada with $41.1 million, per ￰4￱ ETFs lead with $1.4B inflows as Bitcoin records $301M outflow Despite the positive inflow data recorded earlier last week, Friday saw a sharp outflow ￰5￱ analysts have attributed the trend to profit-taking rather than a market reversal following the release of the Core CPE data on the same ￰6￱ Friday CPE data reduced market expectations of a federal rate cut in September, with the PCE price index remaining at 2.6%, the same as in ￰7￱ core PCE rose by 2.7% year over year compared to 2.6% from the previous ￰8￱ ETFs have received the most inflows throughout August, largely due to institutional ￰9￱ reported last month that the ETH token recorded more than $1 billion in inflows in a single day via its three ￰10￱ and Fidelity led among the firms that have shifted to cryptocurrency strategy holdings as an alternative finance ￰11￱ investors have an Ethereum exposure of up to 975,650 ETH, which is valued at approximately $2.5 ￰12￱ investment advisor category leads the categories with an exposure of 539,757 ETH according to a report compiled by Bloomberg as of August ￰13￱ treasuries such as Bitmine have also increased their ￰14￱ added 190,500 ETH, bringing its total holding to 1.7 million ￰15￱ the current ETH price, Bitmine’s holding is valued at $7.7 ￰16￱ and the Ether Machine follow closely, with 797,704 and 345,362 ETH holdings, ￰17￱ the current trend of institutional buys, supply shortages are being driven ￰18￱ to CoinShares research, for 1ETH, the Ethereum network issues and treasuries lock up 35.77 ETH, showing how massive the demand massively outpaces ￰19￱ remains dominant by market cap amid institutional shift to ETH The trend in institutional buys has supported Ethereum’s relative performance in the past ￰20￱ recorded a net outflow of $301 ￰21￱ the massive inflows in Ethereum ETFs, Bitcoin remains dominant in the market share as institutional holdings via treasuries such as MicroStrategy continue to ￰22￱ recently reported on Bitcoin’s market dominance, which has slipped below its recent highs as Ethereum ￰23￱ has struggled to keep pace with Ethereum, leading to speculations that capital is being rotated out of BTC into other ￰24￱ analysts noted that it could be a possible ‘altcoin season’.

Bitcoin is trading at $108,924.50, down 2.1% over the past week, with a positive YTD of 16.5% the time of ￰25￱ has also dropped by 2.4% over the past week and is currently trading at $4,406.03. Bitcoin remains the leading cryptocurrency by market capitalization, currently at $2.16 trillion, followed by Ethereum at $531.34 ￰26￱ latest fund flows have also been reflected in other projects, such as XRP and Solana, which received inflows of US$177m and US$134m, respectively, in ￰27￱ your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.