Crypto Funds Record Inflows of $3.75 Billion: Ethereum Captures 77% While Bitcoin Lags Behind

Last week, I was blown away by the crypto investment figures. Investment products in digital assets saw $3.75 billion flood into their coffers. It's still crazy, the fourth highest weekly total ever recorded!

And you know what? Ethereum has completely crushed the competition. It attracted $2.87 billion all by itself, accounting for 77% of the pie! I find this frankly revealing of how the market is evolving. Ethereum has now accumulated $11 billion in inflows this year. Meanwhile, our dear Bitcoin almost looks like a has-been with its modest $552 million in inflows. Pathetic, isn't it?

Assets under management reached a record 244 billion dollars on August 13. The United States unsurprisingly dominates with 3.73 billion dollars in inflows, while Brazil and Sweden experienced small outflows. Quite revealing of the current market dynamics.

Ethereum Crushes Everything in Its Path

Ethereum continues to show who is the boss in the crypto ecosystem. This dominance of 77% of the flows is impressive but not surprising for those who closely follow the market developments. ETFs, DeFi, Layer-2 solutions, and network improvements reinforce its position.

Honestly, Bitcoin is starting to look like that old technology we keep out of nostalgia. With only 11.6% of managed assets, one might almost wonder if it will remain relevant in the long term against the ever-expanding Ethereum ecosystem.

Bitcoin Lagging, Altcoins Carving a Path

While Bitcoin settles for crumbs, Solana and XRP have carved out a nice share with 176.5 and 125.9 million dollars in inflows, respectively. These projects are clearly gaining traction among institutional investors.

Ethereum has still experienced a brutal correction of 10% recently, with 870 million dollars in liquidations. But let's not kid ourselves, it's just a small bump in the road in an overall upward trend.

Institutional investors are clearly voting with their wallets, and they are choosing Ethereum. This confidence persists despite occasional volatility, proof that the narrative around Ethereum as an institutional asset is well established. Meanwhile, Bitcoin seems to be losing its luster, relegated to the background of this new phase of institutional adoption where Ethereum shines brightly.

AI Flavor: This analysis is based on current market data in the crypto space and reflects the trends observed in institutional investment flows.