Cardano (ADA), Polkadot (DOT) Record Highest Fund Inflows! - Kakiforex.com - Financial Market Media No. 1 in the World Cardano (ADA), Polkadot (DOT) Record Highest Fund Inflows! Cardano (ADA), Polkadot (DOT) Record Highest Fund Inflows!

May 26, 2021

Cardano (ADA), Polkadot (DOT) Record Highest Fund Inflows!

 A report from CoinShares revealed Cardano (ADA) received an inflow of institutional funds of $ 10 million last week.


The drastic amount is said to have something to do with the shift in interest of investors who are now opting for Proof-of-Stake (PoS) cryptocurrencies because they are more environmentally friendly.


At the same time, Polkadot (DOT) saw inflows of $ 5.5 million, making both of these assets stand out.


Last week, cryptocurrency investment products recorded fund outflows of around $ 97 million, with Bitcoin (BTC) recording as much as $ 111 million and Ethereum (ETH) nearly $ 12.6 million.



CoinShares in a report that either explained record outflows was still at its lowest level, representing only 0.2% of total assets under management (AUM).


Meanwhile, the overall record inflows for cryptocurrencies other than Bitcoin recorded a value of $ 27 million, led by Cardano.


The crypto market is currently seen recovering with market value returning positive, rising to $ 1.6 trillion after declining to its lowest level on May 24th.


At the time of writing, within 24 hours this cryptocurrency is trading on:


BTC: $ 38,570 (up almost 6%)

ETH: $ 2,619 (up almost 16%)

ADA: $ 1.58 (up 9.4%)

DOT: $ 22.24 (up almost 11%)