Digital assets held relatively steady this week as US spot Bitcoin ETFs attracted nearly $1 billion of inflows, extending the recent recovery in investor demand. Meanwhile, Bank of America, Wells Fargo and Goldman Sachs were among 21 institutions that backed a new stablecoin venture, Standard Chartered expanded institutional crypto trading in UAE and Bitwise pushed further into onchain credit.

Digital assets retained most of last week’s sharp gains with Bitcoin rising approximately 24% in August, its strongest month since November 2024.

Digital assets recorded their strongest weekly advance in more than two years as renewed ETF demand, a weaker dollar and shifting expectations around US fiscal policy accelerated the market recovery.

Digital assets moved deeper into traditional financial markets this week, as institutional adoption expanded across market infrastructure, tokenisation and banking. 

Digital assets strengthened as Bitcoin ETF inflows hit their highest since April as institutions expand tokenised finance and stablecoin payments.

Digital assets saw continued evolution in market infrastructure this week, as developments across tokenised funds, decentralised trading, custody and investment products highlighted the increasing maturity of digital asset markets.