{"id":3728,"date":"2021-05-24T20:42:09","date_gmt":"2021-05-24T19:42:09","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=3728"},"modified":"2021-05-24T20:42:14","modified_gmt":"2021-05-24T19:42:14","slug":"cardano-experience-the-highest-weekly-inflows-from-institutional-managers","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/cardano-experience-the-highest-weekly-inflows-from-institutional-managers\/","title":{"rendered":"Cardano experience the highest weekly inflows from institutional managers"},"content":{"rendered":"\n
Institutional inflows into Cardano<\/a> (ADA) investment products rapidly increased last week amidst the sudden fall of Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies, highlighting the growth of proof-of-stake assets amid the latest wave of environmental FUD in the markets.<\/h5>\n\n\n\n
\"Cardano<\/figure>\n\n\n\n

Institutional investment managers bought $10 million worth of ADA products for the week ending May 24, according to CoinShares. Cardano investment funds attracted more capital than any other digital asset.<\/p>\n\n\n\n

By comparison, Bitcoin\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> funds saw an outflow of $110.9 million during the same week. Ether outflows totaled $12.6 million. Investors poured $5.5 million into Polkadot funds and $7.1 million into multi-asset investment products, CoinShares said.<\/p>\n\n\n\n

In the year-to-date, Cardano investment products have drawn $24 million in institutional assets compared with $4.13 billion for Bitcoin and $924 million for Ether.<\/p>\n\n\n\n

CoinShares credited environmental blowback against Bitcoin for the sudden pivot towards proof-of-stake cryptocurrencies like Cardano. The fund manager explained:<\/p>\n\n\n\n

\u201cCardano saw the largest inflows of US$10m, which may represent investors actively choosing proof of stake coins based on environmental considerations.\u201d<\/em><\/p><\/blockquote>\n\n\n\n

Bitcoin\u2019s flash crash to below $30,000 last week triggered a tidal wave of selling in the market, like Ether, Cardano, and every other major altcoin\u00a0made new local bottoms. As CoinShares noted, Bitcoin volumes on exchanges surged to $155 billion last week, a new all-time high. Markets appeared to be in recovery mode on Monday, though it\u2019s still too premature to declare a bottom.<\/p>\n\n\n\n

According to data, ADA was among the top-performing cryptos before the market tanked last week. The\u00a0cryptocurrency made successive highs\u00a0as it pierced above $2.00 en route to new highs closer to $2.40.<\/p>\n\n\n\n

ADA was up 33.5% to $1.50 at the time of writing for a total market capitalization of $47.9 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"

Institutional inflows into Cardano (ADA) investment products rapidly increased last week amidst the sudden fall of Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies, highlighting the growth of proof-of-stake assets amid the latest wave of environmental FUD in the markets. Institutional investment managers bought $10 million worth of ADA products for the week ending May 24, […]<\/p>\n","protected":false},"author":63,"featured_media":3729,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[81],"tags":[193,371],"class_list":["post-3728","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-news","tag-cardano","tag-institutional"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/05\/timthumb.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/3728","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/63"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=3728"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/3728\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/3729"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=3728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=3728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=3728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}