CoinShares: Cardano (ADA) and Stellar Lumens (XLM) are capturing institutional Investors’ Attention
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According to CoinShares, Cardano (ADA), the emerging smart contract platform and Stellar Lumens (XLM) saw the largest inflows over the past week, indicating an increase in the institutional Investors’ interest in the two crypto assets.

In a new report recently released by the digital assets manager, CoinShares, a number of top cryptocurrencies, including the two largest digital currencies, Bitcoin (BTC) and Ethereum (ETH), experienced large outflows, but Cardano (ADA) and Stellar Lumens (XLM) were outstanding with inflows from institutional investors.

Read Also: Stellar Lumens (XLM) Joins Top 3 List of Most Popular Crypto Asset on Coinbase

According to CoinShares, ADA recorded inflows of $1.7 million, while XLM saw a total of $1 million inflows over the past week.

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On the other hand, CoinShares reported that Ethereum (ETH), the second-largest cryptocurrency by market capitalization, saw total outflows of $12.7 million, while Bitcoin (BTC), the world’s largest digital currency, recorded $10 million outflows.

Despite the fact that all digital asset investment product suites experienced total outflows of $21 million, Cardano (ADA) and Stellar Lumens stood out.

Read Also: Cardano (ADA) and Stellar Lumens (XLM) Can Now Be Traded At Boerse Stuttgart Digital Exchange

According to CoinShares’ data, based on monthly flows, the majority of crypto funds have positive values, except the flagship cryptocurrency, Bitcoin (BTC), which saw $156.8 million outflows.

CoinShares: Cardano (ADA) and Stellar Lumens (XLM) are capturing institutional Investors’ Attention

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Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.