Cardano and Polkadot Report a Jump in Weekly Cryptocurrency Inflows

Cryptocurrency investment products reported net outflows of approximately $97 million last week. Despite the overall outflows, cryptocurrency assets like Cardano and Polkadot posted a significant jump in institutional inflows.

According to the latest digital asset fund flows report published by CoinShares, cryptocurrency investment products saw outflows for the second consecutive week after Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term, the world’s most valuable cryptocurrency, and it reported $111 million worth of outflows in the last week.

Ethereum-related investment products have seen minor outflows of nearly $12.6 million after record-breaking inflows of $924 million since the start of 2021. Cryptocurrency Polkadot has reported inflows of $5.5 million in the last week.

“Digital asset investment products saw net outflows for the second consecutive week totaling US$97m, another new record for outflows. The outflow remains low, representing only 0.2% of total assets under management (AUM). All other cryptocurrency assets (coins other than Bitcoin) saw continued positive sentiment with inflows across the board totaling US$27m. Cardano saw the largest inflows of US$10m, which may represent investors actively choosing proof of stake coins based on environmental considerations,” CoinShares mentioned in the report.

CoinShares is one of the largest cryptocurrency asset managers around the world. The company’s ETPs reported record trading volumes on 19 May 2021, amid a significant jump in Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term across the crypto market.

Cryptocurrency Correction

The overall market cap of digital currencies has experienced a significant dip in the last few days. The cryptocurrency market cap touched an all-time high of approximately $2.5 trillion on 12 May and reached a low of nearly $1.25 trillion on 24 May. The latest correction in the cryptocurrency market triggered massive liquidations. However, the market has stabilized since yesterday. As of writing, the overall value of digital currencies stands at around $1.63 trillion, which is a jump of 12% in the last 24 hours. Cardano is up by more than 10% while Polkadot gained approximately 17% within a single day. Furthermore, Bitcoin is currently trading near $38,000 with a market cap of over $700 billion.