the latest CoinShares report shows that digital asset investment products recorded a total inflow of $2.48 billion last week. In August alone, the total inflow reached $4.37 billion, bringing the total inflow for the year to $35.5 billion. The fund inflow was strong this week, but turned negative after the release of core personal consumption expenditure (PCE) data on Friday. This data failed to support expectations of a rate cut by the Federal Reserve in September, disappointing digital asset investors. This, along with the recent downward trend in prices, led to a 10% decrease in managed total assets from the recent peak to $219 billion.
