Thursday, July 29

Institutional Investors Are Turning To Cardano (ADA) and Stellar (XLM), According To CoinShares

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According to CoinShares, institutional investors are turning to Cardano (ADA) and Stellar Lumens (XLM).

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In its new report on digital asset markets, CoinShares reveals that while institutional investors are transferring funds to many assets, Cardano and Stellar stand out above the rest.

According to the firm, Cardano saw an inflow of $1.7 million last week, while Stellar saw an inflow of $1 million.

At the time of writing, Cardano is trading at $1.47, down 0.5% in the last 7 days, while Stellar is at $0.303913, down 5.1%.

CoinShares also adds that Ethereum (ETH) has seen $12.7 million and Bitcoin (BTC) $10 million. Cardano and Stellar funds, on the other hand, increased despite an outflow of $21 million in all digital assets.

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Except for Bitcoin, which saw $156.8 million in outflows during the month, most crypto funds are in a positive spot.

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