Main Points:
- Bitcoin saw significant inflows of $543 million, driven by interest rate expectations.
- Ethereum experienced outflows of $36 million, but new Ethereum ETFs attracted $3.1 billion in inflows.
Bitcoin’s Inflows Highlight Sensitivity to Interest Rates
Last week, Bitcoin attracted $543 million in inflows, reflecting its sensitivity to shifts in interest rate expectations. The majority of these inflows occurred on Friday, Aug. 23, following Powell’s comments at the Jackson Hole Symposium.
Ethereum’s Contrasting Movements and ETF Inflows
While Ethereum saw outflows of $36 million, new Ethereum ETFs have gained traction, attracting $3.1 billion in inflows over the past month. However, these inflows were partially offset by outflows from the Grayscale Trust amounting to $2.5 billion.
