Bitcoin reclaimed a price of $109,000 after dipping to $107,500 over the weekend. Despite this recovery, Ethereum saw a decrease of 1.5% to $4,406, marking a broader weekly decline of 4.3%. According to CoinShares, Ethereum dominated institutional inflows, accounting for 57% of the $2.48 billion that entered the cryptocurrency market, while Bitcoin attracted only $748 million. Over the month, Ethereum experienced inflows totaling $3.96 billion, contrasting sharply with Bitcoin's outflow of $301 million. However, Bitcoin's dominance, which reflects its market share relative to the total cryptocurrency market, remained steady around 58% even as Ethereum's inflows surged. This situation suggests a potential shift in institutional interest towards Ethereum. Overall, the cryptocurrency market witnessed inflows of $4.37 billion in August, with strong contributions from the U.S., indicating a complex sentiment among investors amidst fluctuating prices. CoinShares highlighted a growing trend in institutional investments, particularly in digital asset products like ETFs, with notable inflows noted during the week.

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