Institutional Investors Accumulate Cardano (ADA) and Polkadot (DOT) As Bitcoin Witnesses Major Outflow: CoinShares


A leading digital asset manager said that institutional investors are significantly reducing the risk of Bitcoin (BTC) as they turn to Cardano (ADA) and Polkadot (DOT).

From the latest Digital Asset Fund Flows Weekly reportCoinShares revealed that BTC led the digital asset market, which saw a $154 million outflow last week, totaling $141 million.

“Digital asset investments totaled $141 million last week. Continued volatility has left investors capricious, with some seeing this as an opportunity and overall sentiment has generally weakened. A total of $154 million came out of the Americas, while a total of $12.4 million came in from Europe.”

Source: CoinShares

Despite the massive Bitcoin outflow last week, BTC’s annual flow is still positive at $307 million. On the other hand, the annual flow of Ethereum (ETH) products was minus $239 million, with an additional $300,000 outflow last week.

According to CoinShares, institutional investors have invested $1 million each in digital asset investment products focused on Polkadot and Cardano, and $700,000, $500,000 and $100,000 each in XRP, Solana (SOL) and Litecoin (LTC) products, respectively. has invested

Multi-asset digital investment products that invest in multiple crypto assets recorded an influx of $9.7 million last week as investors seek refuge in diversity.

“[Multi-asset] The outflow of investment products has only been two weeks this year, which is much lower compared to its peers. Investors feel that multi-asset investments are safer than single-line investments during periods of high volatility.”

CS05.23
Source: CoinShares

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