
Bitcoin Tops $109K as Ethereum Inflows ‘Dominate’: CoinShares
Bitcoin regained $109,000 Monday morning following a weekend dip to $107,500, according to CoinGecko data. Bitcoin’s price action came after a CoinShares report noted that Ethereum inflows “dominate” institutional crypto inflows, which topped $4.37 billion in August. Ethereum has dropped 1.5% on the day to $4,406, amid a broader 4.3% weekly downturn for the cryptocurrency. Despite this, according to CoinShares, ETH dominated inflows via digital asset investment products such as ETFs and ETPs. The entire cryptocurrency market attracted weekly inflows of $2.48 billion, CoinShares said, with Ethereum accounting for $1.42 billion or 57.26% of all crypto inflows. By comparison, Bitcoin…






