{"id":332629,"date":"2021-08-31T07:11:52","date_gmt":"2021-08-31T04:11:52","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/institutions-remain-bullish-on-cardano-and-ether-while-btc-outflows-persist\/"},"modified":"2021-08-31T07:11:52","modified_gmt":"2021-08-31T04:11:52","slug":"institutions-remain-bullish-on-cardano-and-ether-while-btc-outflows-persist","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/institutions-remain-bullish-on-cardano-and-ether-while-btc-outflows-persist\/","title":{"rendered":"# Institutions remain bullish on Cardano and Ether while BTC outflows persist"},"content":{"rendered":"<p>&#8220;<strong># Institutions remain bullish on Cardano and Ether while BTC outflows persist <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDgvOWE5N2E3NjktOGRlZS00Mzg2LTg0ZjgtMTQ0NmY5YTY5YTZkLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Institutional inflows to altcoin investment products have continued to increase this past week, but the same cannot be said for Bitcoin.<\/p>\n<p>In its <em>Digital Asset Fund Flows Weekly<\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinshares.com\/research\/digital-asset-fund-flows\"> report<\/a> on Aug. 30, institutional asset manager CoinShares identified overall inflows of $24 million to altcoin-based investment products. The capital flows mark the second consecutive week of inflows to altcoin funds, with investments into altcoin products increasing by 14.3% compared to last week\u2019s $21 million.<\/p>\n<p>Ether was the favored asset among institutional investors, with ETH-based products posting a weekly inflow of $17.2 million. The report noted that products tracking Ethereum and other altcoins now represent 32% of the sector\u2019s total assets under management (AUM) \u2014 just 3% shy of mid-May\u2019s record of 35%.<\/p>\n<p>Cardano-based institutional funds posted record weekly inflows with $10.1 million, representing 32% of the week\u2019s total altcoin inflows. Cardano-based instruments now hold 0.15% of the capital locked in crypto investment products combined. <\/p>\n<p>The surge in Cardano inflows is attributed to anticipation for its Sept. 12 &#8220;Alonzo&#8221; upgrade which will see the project launch smart contract functionality for the first time.<\/p>\n<p>Polkadot and Solana-based funds also saw inflows with $1.5 million and $2.7 million respectively. Solana has now surpassed Bitcoin Cash for assets under management in related funds with $16 million, ranking ninth in terms of AUM with BCH funds in tenth.<\/p>\n<p>Despite the bullish momentum surrounding altcoins, the report noted that Bitcoin products continue to see outflows, with a loss of $3.8 million for the period. As such, Bitcoin products have posted outflows for 14 of the past 16 weeks.\u201d<\/p>\n<p>CoinShares estimates that institutional asset managers currently represent an AUM of $56.8 billion combined \u2014 attributing the slight week-over-week drop in sector-wide AUM to persistent outflows from Bitcoin-based products.<\/p>\n<p><strong><em>Related:<\/em><\/strong><strong><em> <\/em><\/strong><strong><em>Bitcoin investment products still suffering outflows despite price recovery<\/em><\/strong><\/p>\n<p>Looking at the performance of fund issuers, CoinShares\u2019 own Bitcoin fund saw the heaviest losses this past week with an outflow of $14.5 million. ETC Issuance saw the largest inflow at $14.1 million.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/institutions-remain-bullish-on-cardano-and-ether-while-btc-outflows-persist\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Institutions remain bullish on Cardano and Ether while BTC outflows persist &#8221; Institutional inflows to altcoin investment products have continued to increase this past week, but the same cannot be said for Bitcoin. In its Digital Asset Fund Flows Weekly report on Aug. 30, institutional asset manager CoinShares identified overall inflows of $24 million&#8230;<\/p>\n","protected":false},"author":1,"featured_media":332630,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDgvOWE5N2E3NjktOGRlZS00Mzg2LTg0ZjgtMTQ0NmY5YTY5YTZkLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,75378,76377,74891,76550],"class_list":["post-332629","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-cardano","tag-coinshares","tag-ethereum","tag-grayscale"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/332629","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=332629"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/332629\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/332630"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=332629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=332629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=332629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}