Bitcoin and Cardano Skyrocket With 716% Increase in Fund Flows
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Crypto News
Bitcoin and Cardano Skyrocket With 716% Increase in Fund Flows




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By #BTC U_Today
26m ago
•
2 mins read

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Cardano soars into spotlight
Cover image via U.Today
In the latest weekly review of fund flows by CoinShares, digital asset investment products experienced a significant increase in inflows, totaling $932 million. This represents a 716% rise from the previous week's $130 million.
The notable surge followed a lower-than-expected CPI report on Wednesday, with the last three trading days of the week, contributing 89% of total inflows, indicating a renewed link between crypto prices and interest rate expectations.
Bitcoin (BTC) was the primary recipient of these inflows, underscoring its position as the leading cryptocurrency on the market. Bitcoin ETFs saw inflows amounting to $942 million over the week.
