Institutional Investors flock to Cardano, Polkadot and Bitcoin

[davidbit]

Institutional Investors flock to Cardano, Polkadot and Bitcoin

Digital asset manager CoinShares revealed that institutional capital is pouring into Cardano and Polkadot as Bitcoin and the crypto market move towards all-time highs.

In a new report, CoinShares says that capital inflows into digital asset products totaled $80 million last week. Bitcoin (BTC) accounted for 87.5% with $70 million in inflows, also marking the fifth consecutive week of inflows for the top cryptocurrency.

In addition to Bitcoin, Polkadot (DOT) and Cardano (ADA) saw continued inflows totaling $3.6 million and $2.7 million respectively, while Ethereum (ETH) saw small inflows. with a total amount of 1 million USD.

Last week's inflows combined with the reported surge in prices brought CoinShares' total assets under management to an all-time high, which, combined with the positive price action of the week, has pushed total assets under management. (AuM) to $72.3 billion, the highest on record, surpassing the previous record of $71.6 billion set in May of this year.

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