Ethereum Blazes Past Bitcoin in August: Exchange Volume Soars Amidst Institutional Interest

August saw a significant shift in the cryptocurrency landscape with Ethereum (ETH) surpassing Bitcoin (BTC) in terms of exchange volume. U.S. spot ETH ETFs witnessed strong inflows, pulling in $3.8 billion in net assets during the month. In contrast, Bitcoin funds faced outflows, indicating a change in investor sentiment. This trend was mirrored on decentralized exchanges like Uniswap and PancakeSwap, which saw robust activity.