Crypto assets outperform Nasdaq in August, yet remain negative year-to-date

Crypto assets saw a strong rebound in August, with SOL, ETH, and BTC rising 41.5%, 32.6%, and 25.0% respectively, significantly outperforming the Nasdaq and gold. Despite this recovery, year-to-date returns for these assets remain negative. Institutional inflows, particularly into spot ETFs, supported the market, but investors are now focused on the upcoming FOMC meeting on September 15-16. Market expectations suggest an 85% probability of a 25-basis-point rate hike, as traders monitor inflation data and the hawkish stance of Fed Chair Kevin Warsh.