Digital asset investment products staged a comeback last week, reversing prior outflows with $2.48 billion in inflows. August inflows now total $4.37 billion, which lifted year-to-date numbers to $35.5 billion. Activity was strong until Friday, when flows turned negative following the Core PCE release.

The data dampened hopes for a September Fed rate cut and frustrated crypto investors. Combined with continued weak price action, this has pressured the market. As a result, total assets under management declined by 10% from recent highs to $219 billion, as the sector witnessed both resilience and fragility.

Digital asset investment products staged a comeback last week, reversing prior outflows with $2.48 billion in inflows. August inflows now total $4.37 billion, which lifted year-to-date numbers to $35.5 billion. Activity was strong until Friday, when flows turned negative following the Core PCE release.

The data dampened hopes for a September Fed rate cut and frustrated crypto investors. Combined with continued weak price action, this has pressured the market. As a result, total assets under management declined by 10% from recent highs to $219 billion, as the sector witnessed both resilience and fragility.