Ethereum

Cardano

Solana

Bitcoin

<div class="dailyhodl"> 
 <p>Digital assets manager CoinShares reports that Cardano (ADA), Solana (SOL) and XRP&nbsp;products are bucking the trend of an otherwise pessimistic institutional investment climate.</p> 
 <p>In its latest Digital Asset Fund Flows Weekly Report, CoinShares says investors are currently less optimistic as reflected in out<a rel="dofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> over eight of the last nine weeks totaling over $450 million.</p> 
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">    
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 <p>CoinShares&nbsp;finds that digital assets saw out<a rel="dofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> of $54 million last week, marking the fifth week of out<a rel="dofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> in a row.</p> 
 <p><em>“Digital asset investment products saw out<a rel="dofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> totaling US$54m last week, marking the 5th consecutive week. There have been out<a rel="dofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> for 8 out of the last 9 weeks that aggregate to US$455m, with year-to-date net in<a rel="dofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> falling to just US$51m.”</em></p> 
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter">
  <img decoding="async" class="wp-image-190710 size-full" src="https://cdn.thebittimes.com/images/2023/09/19/f529a7fe4d9144f137bd1014a205f745.png" alt="" width="1063" height="499">
  <figcaption id="caption-attachment-190710" class="wp-caption-text">
   Source: CoinShares
  </figcaption>
 </figure> 
 <p>According to CoinShares, much of the outflow activity can regionally be traced back to the United States.</p> 
 <p>Per usual, the leading crypto by market cap Bitcoin (BTC) suffered the heaviest out<a rel="dofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a>.</p> 
 <p><em>“Bitcoin comprised 85% of the outflows, seeing US$45m last week. Short-bitcoin inflows the prior week proved to be short-lived, with outflows of US$3.8m last week, However, it remains the most loved investment product with month-to-date inflows at US$12m.”</em></p> 
 <p>Meanwhile, Ethereum (ETH) products bled out to the tune of nearly $5 million last week, while Binance Coin (BNB) and Polygon (MATIC) lost $0.3 million each.</p> 
 <p>Not all altcoins went down though. Solana (SOL), Cardano (ADA), and XRP products all saw in<a rel="dofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> totaling $0.7 million, $0.4 million, and $0.1 million, respectively.</p> 
</div>
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/cardano-solana-and-xrp-see-institutional-inflows-while-bitcoin-and-ethereum-investments-slide-coinshares-tbt63148.html">https://thebittimes.com/cardano-solana-and-xrp-see-institutional-inflows-while-bitcoin-and-ethereum-investments-slide-coinshares-tbt63148.html</a></p>

Cardano, Solana and XRP See Institutional Inflows While Bitcoin and Ethereum Investments Slide: CoinShares

TheBitTimes

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