Coinshares: $16M weekly inflows for Cardano without ‘discernible catalyst’
Most cryptocurrencies in the market appeared to be trading in the red, at press time. After scoring big gains in “Uptober,” Bitcoin is now struggling to remain in the green after hitting a new ATH. Although it did see some relief following the Taproot upgrade, BTC was down 7% lower over the 24-hour window.
Many of the industry’s altcoins followed Bitcoin’s lead too. Nevertheless, big investors continue to be bullish on crypto.
According to CoinShares’ November 15 Digital Asset Fund Flows Weekly report,
“Digital asset investment products saw inflows totalling US$151m last week, the 13th consecutive week of inflows, bringing year-to-date inflows to a record US$9bn. Intra-week prices rises also saw total assets under management (AUM) reach record
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