Franklin

Cardano

BlackRock

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
According to the latest&nbsp;<a href="https://blog.coinshares.com/volume-193-digital-asset-fund-flows-weekly-report-beee6a750b13" rel="noopener noreferrer nofollow">CoinShares</a> weekly report on crypto-related ETF inflows, another $245 million were added to the market last week. As things stand, the year-to-date figure is positive, starting at $20.48 billion.
As always,&nbsp;<a href="https://u.today/ripple-leader-reveals-untold-beauty-of-bitcoin" rel="noopener noreferrer nofollow">Bitcoin</a> - the largest cryptocurrency - led the way last week, with several ETFs from major financial institutions such as BlackRock and Franklin Templeton. Over the past seven days, these investment vehicles have seen inflows of $519 million, which is literally 97.9% of all the money that has flowed into crypto-related investment products over the period.
However, there were other winners as well - digital assets, investment products that have shown exceptional momentum in terms of inflows, although not as much as Bitcoin. One of these is&nbsp;<a href="https://u.today/cardano-ada-skyrockets-96-in-crucial-metric-details" rel="noopener noreferrer nofollow">Cardano (ADA)</a>. According to the data, inflows into Cardano ETPs totaled $1.2 million last week, 300% more than the week before.&nbsp; <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="2801004a-0244-4b94-983a-9c4a50bc5ec0" src="https://u.today/sites/default/files/inline-images/cardano_10.png">Source: <a href="https://blog.coinshares.com/volume-193-digital-asset-fund-flows-weekly-report-beee6a750b13" rel="noopener noreferrer nofollow">CoinShares</a>
Furthermore, this week's result puts Cardano in second place among all crypto ETPs. In total, since the start of 2024, Cardano-oriented investment products have attracted $11 million from traditional investors.
<h2 dir="ltr" id="cardano-s-next-big-hard-fork">Cardano's next big hard fork</h2>
Such an increase for the ADA blockchain can be attributed to the upcoming Chang hard fork. As reported by U.Today, the hard fork is expected to bring the ultimate decentralization to&nbsp;<a href="https://u.today/cardano-founder-makes-unexpected-bitcoin-statement" rel="noopener noreferrer nofollow">Cardano</a>, when even the popular blockchain's treasury will be managed through voting by ADA stakeholders.&nbsp;
It also includes the adoption of the Cardano Constitution, which will cement all the principles and rules of decentralized governance of the blockchain.
The hard fork is scheduled for this year, so it is possible that investors will try to make this play through Cardano ETPs, and that is why we are seeing increasing flows into these investment products.

Cardano Skyrockets 300% in Funds Inflows as Bulls Take Charge

Indice dei contenuti

U_Today

Altri articoli pubblicati su 29 lug 2024

Kamala Harris Not Liked By Crypto Crowd; Trump May Be Preferred As Bitcoin Awaits $100K

Justin Sun Advocates for Supportive Crypto Regulations in China

The CFTC has secures a $31 million fine against Abner Tinoco and his company

Compound Finance Hack Unlikely on Curve Finance, Says Founder

Bitwise Announces 10% Donation of Ethereum ETF Profits to Open-Source Developers

FINMA Proposes New Guidelines for Stablecoin Issuers to Enhance Financial Oversight and Mitigate ...

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!