Wall Street Rallies in August: Key Winners and Losers

August saw Wall Street deliver an upbeat performance, with various ETFs showing significant gains. The State Street SPDR S&P 500 ETF Trust (SPY) led the pack with a 3.7% increase over the past month as of August 30.

The Treasury Department's decision to double its bond buyback operation to at least $4 billion from $2 billion in late August sent a strong signal to investors and boosted the debasement trade, affecting GLD and other related ETFs.

The U.S. dollar slipped to a three-month low against the euro due to concerns about additional pressure on the greenback following the Treasury's plan.

Cryptocurrencies saw significant gains, with Bitcoin soaring 23% over the past month and crossing the $80K-mark in late August, while Ethereum added about 32%.