CoinShares has released its new altcoin report. According to CoinShares, global payments platform Cardano (ADA) is witnessing an incoming funding surge in institutional investments. cryptocoin.com We have compiled the details for you, let’s examine the subject together…
These 5 altcoins experienced fund inflows, but 1 altcoin exited!
CoinShares’ new altcoin report is out. According to this report, ADA could almost surpass institutional Ethereum (ETH) fund inflows last week and saw growth in total fund inflows. Ethereum inflows stood at $17.3 million last week, while Cardano surpassed $16.4 million. In the previous week, Cardano entries were $5 million and Ethereum entries were $31.4 million.
It also provided fund inflows in other altcoins. Solana (SOL), Polkadot (DOT) and XRP entries were $9.8 million, $5.2 million and $3.1 million, respectively. TRON, on the other hand, joined among the cryptocurrencies experiencing fund outflows. With market entries arriving for the 13th week in a row, CoinShares says recent price rallies may have attracted more institutional capital to the space.
CoinShares: Bitcoin (BTC) is below all-time highs!
Bitcoin (BTC) is slipping below all-time highs in current value and weekly investment flow, and market dominance is also slipping, according to CoinShares. CoinShares made the following statements on the subject:
Bitcoin saw the majority of total inflows at $98 million, pushing assets under management to a record $56 billion.
CoinShares: This week TRX saw net outflows
Despite inflows of over $151 million last week, CoinShares states these numbers are “simple volumes” compared to earlier this year. CoinShares made the following statements on the subject:
While flows have been positive lately, we witnessed low volumes in 2H compared to $960 million in the first half of 2021.
Last week, CoinShares announced that the decentralized Blockchain Tron (TRX) emerged out of nowhere to capture institutional attention. According to the firm, this week, TRX has seen net outflows.
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