Ethereum beat Bitcoin in the monthly race for institutional money.
Regarding investment through funds, ETH was the preferred digital asset during the month that just ended.
Ether (ETH), the cryptocurrency of Ethereum, positioned itself as the favorite digital asset of institutional investors in August, surpassing Bitcoin (BTC) in fund inflows.
According to a report by CoinShares, cryptocurrency investment products recorded total inflows of $2.48 billion last week, of which ETH attracted $1.4 billion compared to $748 million for BTC.