August put a small dent in what remains a longer-term uptrend for digital assets. Bitcoin fell about 6.5% — its first monthly decline since March — after briefly touching a new all-time high of $125,000 mid-month. Ether, by contrast, extended its strong run, gaining nearly 19% and lifting its share of overall market capitalization to roughly 13%. This rotation from bitcoin into ether was also visible in ETFs: bitcoin funds saw rare net outflows, suggesting some profit-taking after this year’s extraordinary ...