$3.75B Floods Into Crypto This Week – Ethereum Steals the Spotlight

Crypto markets just gulped down $3.75 billion in fresh capital—and Ethereum's leading the charge. Here's why smart money's betting on digital assets again.

The ETH Factor

While Bitcoin's the usual poster child, Ethereum's infrastructure upgrades and deflationary tokenomics are finally getting institutional recognition. Traders are piling in ahead of September's protocol changes.

Wall Street's FOMO Play

After months of sidelined cash, hedge funds are diving back in—probably because their 2% Treasury yields can't compete with crypto's volatility premiums. Nothing like FOMO to make finance bros forget last year's 'crypto winter' sermons.

The inflow surge signals growing mainstream acceptance, even if half these investors still can't explain how blockchain works. When the money moves, the narrative follows.

Ethereum Leads the Rally

Remarkably, ethereum led the inflows with drawing $2.87 billion, approximately 77% of total weekly inflows. With this, Ethereum’s year-to-date (YTD) inflows rose to a record $11 billion, which is dramatically ahead of Bitcoin on an absolute basis. 

On August 13, Ethereum (ETH) climbed past $4,782, coming within 6% of its all-time high of $4,891. This recent price surge has boosted investor interest and confidence, contributing to Ethereum’s market dominance. 

Bitcoin recorded lower inflows of $552 million. Other digital assets, such as Solana (SOL) and XRP, also recorded significant inflows of approximately $176.5 million and $125.9 million, respectively. However, Litecoin (LTC) and The Open Network (TON) recorded minor outflows.

When it comes to digital asset inflows, iShares ETF in the USA is leading the charge, taking in a staggering $3.2 billion. Grayscale Investments saw modest inflows of $85 million, while Fidelity and ARK 21Shares recorded outflows. Smaller companies, including 21Shares AG, Bitwise Funds Trust, and ProShares ETF/USA saw small inflows, while CoinShares XBT Provider AB saw outflows of $52 million.

U.S. Investors Drive Most Inflows

The United States is at the forefront of cryptocurrency investments, with a voracious desire for digital assets. Nearly all of the recent crypto inflows, $3.73 billion, were from the United States. The investors are regaining their confidence, investing in Ethereum and other leading performers. Other countries contributed much smaller amounts: Canada added $33.7 million, Hong Kong contributed $20.9 million, and Australia saw $12.1 million in inflows.

In contrast, Sweden and Brazil recorded modest outflows of $49.9 million and $10.6 million. Germany also experienced a slight outflow of $0.4 million. 

Also Read: ETH Spot ETFs Poised for Record Week as Inflows Top $2.9 Billion