**Crypto Funds See Major Inflows, Ethereum Leads the Pack**

Institutional investors are flocking back to crypto funds after the market dip on August 5. According to CoinShares' latest report, digital asset investment products saw a whopping $176 million in inflows for the week ending August 11.

Ethereum (ETH) was the star, attracting $155 million—about 88% of the total inflows. This brings ETH funds' year-to-date inflows to $862 million, the highest since 2021. The surge is largely driven by the recent launch of US spot-based ETFs.

Bitcoin (BTC) ETPs lagged, with just $13 million in inflows and $366 million in outflows month-to-date. Interestingly, short Bitcoin ETPs saw their largest outflows since May 2023, totaling $16 million.

Crypto markets have rebounded by around 20% since the August 5 correction, with total capitalization hitting $2.2 trillion by August 13. ETH prices have surged 23%, while BTC has recovered around 19%.

Stay tuned as the crypto market continues to evolve!