Institutional Investors Bet on Cardano ($ADA), Polkadot ($DOT) Amid Crypto Market Downturn - Aliens: AI Crypto News & Markets Updates
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Institutional Investors Bet on Cardano ($ADA), Polkadot ($DOT) Amid Crypto Market Downturn

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CryptoGlobe

Tue, May 24, 2022

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According to CoinShares’ latest Digital Asset Fund Flows Weekly report , the ongoing volatility in the cryptocurrency space has led to “fickle investors with some seeing this as an opportunity while the aggregate sentiment is predominantly bearish.” The report notes that outflows in the past week totaled $154 million in the Americas, while Europe saw $12.4 million of inflows.

While the flagship cryptocurrency Bitcoin saw outflows totaling $154 million throughout the past week, its year-to-date and month-to-date flows remain positive, data shows.

While Bitcoin and short Bitcoin flows were negative in the last week, institutional investors have been diversifying their holdings through multi-asset investment products, which saw inflows of $9.7 million.

The firm added that blockchain equity investment products saw outflows totaling $20 million over the past week.

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