Ethereum Attracts Major Investments as Bitcoin Sees Outflows

Last week saw a significant influx of investment into digital asset products, with $2.48 billion in inflows reversing prior outflows and bringing the total year-to-date investments to $35.5 billion. This positive trend was particularly evident in Ethereum’s growing popularity, drawing in nearly $1.4 billion in inflows. Bitcoin, on the other hand, experienced outflows totaling $748 million. 2023 has seen a notable shift in investor sentiment towards Ethereum, with inflows reaching $3.95 billion since August alone.