{"id":257766,"date":"2021-05-24T21:15:00","date_gmt":"2021-05-24T18:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/cardano-sees-largest-weekly-inflows-from-institutional-managers-coinshares\/"},"modified":"2021-05-24T21:15:00","modified_gmt":"2021-05-24T18:15:00","slug":"cardano-sees-largest-weekly-inflows-from-institutional-managers-coinshares","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/cardano-sees-largest-weekly-inflows-from-institutional-managers-coinshares\/","title":{"rendered":"#Cardano sees largest weekly inflows from institutional managers \u2013 CoinShares"},"content":{"rendered":"

“#Cardano sees largest weekly inflows from institutional managers \u2013 CoinShares<\/strong>”<\/p>\n

<\/p>\n

                Environmental FUD concerning Bitcoin seems to be everywhere these days. But is it enticing more investors to seek out proof-of-stake projects? \n                <p>Institutional inflows into Cardano (ADA) investment products rose sharply last week even as interest in Bitcoin (BTC) and Ethereum (ETH) waned, highlighting the growth of proof-of-stake assets amid the latest wave of environmental FUD in the markets.\u00a0\n<\/code><\/pre>\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
By comparison, Bitcoin funds saw an outflow of $110.9 million during the same week. Ether outflows totaled $12.6 million.<\/p>\n
Investors poured $5.5 million into Polkadot funds and $7.1 million into multi-asset investment products, CoinShares said.<\/p>\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
CoinShares credited environmental blowback against Bitcoin for the sudden pivot towards proof-of-stake cryptocurrencies like Cardano. The fund manager explained:<\/p>\n
\u201cCardano saw the largest inflows of US$10m, which may represent investors actively choosing proof of stake coins based on environmental considerations.\u201d <\/p><\/blockquote>\n
Bitcoin\u2019s flash crash to below $30,000 last week triggered a tidal wave of selling in the market, as Ether, Cardano and every other major altcoin made new local bottoms. As CoinShares noted, Bitcoin volumes on exchanges surged to $155 billion last week, a new all-time high. Markets app<\/a>eared to be in recovery mode on Monday, though it\u2019s still too premature to declare a bottom. <\/p>\n
ADA was among the top-performing cryptos before the market tanked last week. The cryptocurrency made successive highs as it pierced above $2.00 en route to new highs closer to $2.40.<\/p>\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
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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"
“#Cardano sees largest weekly inflows from institutional managers \u2013 CoinShares” Environmental FUD concerning Bitcoin seems to be everywhere these days. But is it enticing more investors to seek out proof-of-stake projects? <p>Institutional inflows into Cardano (ADA) investment products rose sharply last week even as interest in Bitcoin (BTC) and Ethereum (ETH) waned, highlighting the growth…<\/p>\n","protected":false},"author":1,"featured_media":257767,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDUvOWQ0MTc2NzItOTQzYy00YjFkLWEzN2QtMjIzZWEwZGIwNzI2LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-257766","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/257766","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=257766"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/257766\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/257767"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=257766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=257766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=257766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}