US spot bitcoin exchange-traded funds took in $189 million on Tuesday, pushing August inflows to $951 million. Ether ETFs added $71.5 million on the same day, a sign that demand for both asset classes is holding up.
The August tally
The Tuesday figure brings the month's total to $951 million for bitcoin funds. That's a solid pace, and the month still has more than a week of trading left. The daily numbers have been consistently positive, according to the data.
Ether's contribution
Ether funds took in $71.5 million on Tuesday, a meaningful addition to the month's flows. While the ether numbers are smaller than bitcoin's, they show that investors are also putting money into the second-largest cryptocurrency through regulated products.
What the flows show
Combined, the two sets of figures point to continued appetite for crypto exposure through ETFs. Investors are using these vehicles to add to positions in both bitcoin and ether, rather than buying the underlying assets directly.
The rest of August
With about a week and a half left in the month, the next few days of data will show whether the pace holds. For now, the numbers are moving in one direction.
