Institutional Investors Accumulate Cardano (ADA) and Polkadot (DOT) As Bitcoin Sees Major Outflows: CoinShares

Miturut The Daily Hodl - 1 taun kepungkur - Wektu Wacan: 2 menit

Institutional Investors Accumulate Cardano (ADA) and Polkadot (DOT) As Bitcoin Sees Major Outflows: CoinShares

A leading digital asset manager says institutional investors are taking an interest in Cardano (ADA) and Polkadot (DOT) while heavily de-risking from Bitcoin (BTC).

In the latest Digital Asset Fund Flows Weekly laporan, CoinShares finds that BTC suffered $154 million in outflows last week, leading a digital asset market that saw outflows of $141 million total.

“Digital asset investment products saw outflows totaling $141 million last week. The ongoing volatility has led to fickle investors with some seeing this as an opportunity while the aggregate sentiment is predominantly bearish. Outflows totaling $154 million were seen in the Americas while Europe saw inflows totaling $12.4 million.”

Sumber: CoinShares

Despite last week’s monstrous Bitcoin outflows, BTC’s year-to-date flows remain positive at $307 million. Ethereum (ETH) products, on the other hand, has year-to-date flows of negative $239 million, suffering an additional $300,000 in outflows last week.

Institutional investors poured $1 million apiece into digital asset investment products focused on polkadot lan Cardano while also investing $700,000, $500,000 and $100,000 in XRPSolana (SOL) lan Litecoin (LTC) products, respectively, according to CoinShares.

Multi-asset digital investment products, those investing in multiple crypto assets, enjoyed $9.7 million in inflows last week as investors sought refuge in diversity.

“[Multi-asset] investment products have seen only two weeks of outflows this year, much lower relative to its peers. We believe investors see multi-asset investment products as safer relative to single line investment products during volatile periods.”

Sumber: CoinShares mriksa price Action

Aja Kantun Beat - langganan kanggo njaluk tandha email crypto sing dikirim langsung menyang kothak mlebu

Follow us on Twitter, Facebook lan Telegram

Surf Campuran Hodl Saben Dina

  Priksa Headlines News Paling Anyar

  Penafian: Panemu sing ditulis ing The Daily Hodl dudu saran investasi. Investor kudu nindakake kanthi teliti sadurunge nggawe investasi beresiko dhuwur Bitcoin, cryptocurrency utawa aset digital. Wigati dimangerteni manawa transfer lan perdagangan sampeyan duwe risiko dhewe, lan kerugian sing bisa ditindakake dadi tanggung jawab sampeyan. Daily Hodl ora nyaranake tuku utawa adol mata uang kripto utawa aset digital, uga The Daily Hodl minangka penasihat investasi. Elinga yen The Daily Hodl melu pemasaran afiliasi.

Featured Image: Shutterstock/SpicyTruffel

Posting Institutional Investors Accumulate Cardano (ADA) and Polkadot (DOT) As Bitcoin Sees Major Outflows: CoinShares muncul pisanan Saben dina Hodl.

Sumber asli: Saben dina Hodl