Logo
Cardano Ecosystem

Cardano Feed

10/13/2021

·

1.1K views


Cardano and Solana Continue to See Inflows While Ethereum Records Outflows

Ethereum funds and products saw $14 million worth of outflows last week, while Cardano and Solana are in the green

Cardano and Solana Continue to See Inflows While Ethereum Records Outflows

Alex Dovbnya - Ethereum funds and products saw $14 million worth of outflows last week, while Cardano and Solana are in the green

According to a report published by CoinShares, cryptocurrency funds have extended their streak of inflows, raking in over $226 million last week.

CMImage by coinshares.com
Grayscale's Bitcoin Fund Premium Reaches New Lows Prior to Potential Launch of Bitcoin ETFs

Bitcoin accounted for the lion's share of the aforementioned figure with $225 million. This development is not surprising since the narrative about U.S. securities regulators potentially approving a futures-based Bitcoin exchange-traded fund has been driving the cryptocurrency's prices higher.

Solana and Cardano recorded minor inflows of $12.5 million and $3 million, respectively.

Ethereum funds, on the other hand, hemorrhaged $14 million. The second-largest cryptocurrency is down nearly 25% from the start of September.

XRP, Polkadot, Litecoin are also in the red.

Leading cryptocurrency money manager Grayscale has $49.5 billion worth of assets under management, according to its latest update.

AD

Proposals Catalyst F14 - Cast your vote, search "Otavio" in the Voting App.

If you are you using your ADA to vote in Cardano’s Project Catalyst don’t forget to voice your vote. We would be excited if you can see, comment, share and vote for us. Tip: To find them its easiest to search for "Otavio"Vote for Us


Read Original Article on Cardano Feed

ORIGINAL SOURCE

https://u.today/cardano-and-solana-conti...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


More from Cardano Feed

See more
Forget Meme Coins—Why Ozak AI Could Be 2025’s Real Hype Project
Cardano Feed
Forget Meme Coins—Why Ozak AI Could Be 2025’s Real Hype Project

today at 11:03 AM

·

26 views

Related News

See more
Voting for Us - Catalyst Fund 14

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)