Cardano

2024

Bitcoin

Polkadot

Billion

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As more and more people look to the digital asset investment products field,<a href="https://u.today/cardano-ada-price-super-cycle-predicted-by-top-analyst" rel="noopener noreferrer nofollow">Cardano (ADA)</a> made a name for itself in last week's inflows, standing out from the crowd in a very competitive landscape. According to<a href="https://blog.coinshares.com/volume-213-digital-asset-fund-flows-weekly-report-e1fcefd02a53" rel="noopener noreferrer nofollow">CoinShares</a>, funds flowing into digital asset ETFs reached $3.23 billion, marking its 10th consecutive week of growth. This brings the 2024 total to an impressive $44.5 billion — a number that is unmatched by previous years.
While Bitcoin was the big winner with $2 billion in inflows, Ethereum kept up its steady pace. Ethereum-linked products brought in $1 billion for the seventh consecutive week, bringing the total for the period to $3.7 billion. Other altcoins saw less dramatic but still notable inflows, with<a href="https://u.today/dogecoin-doge-creator-names-his-top-5-cryptocurrencies" rel="noopener noreferrer nofollow">XRP</a> attracting $145 million amid optimism around a potential ETF.
In this crowded field, Cardano is worth mentioning for its performance. ADA-linked ETPs saw inflows of $1.9 million last week. While these gains are modest compared to the market leaders, they show that interest in the asset is steady and growing. <img src="https://u.today/sites/default/files/inline-images/adaetp.png" data-entity-uuid="a25f918c-3e27-4e65-97a9-0ef012013c06" data-entity-type="file" alt="&quot;&quot;" data-caption="Source: <a href=&quot;https://blog.coinshares.com/volume-213-digital-asset-fund-flows-weekly-report-e1fcefd02a53&quot;>CoinShares</a>">
Since the beginning of the year, $23 million have flowed into Cardano investment products, with a third of that coming in December alone. There is no doubt that the momentum is real, bringing the total assets under management in Cardano ETPs to $162 million.
The numbers show that it is holding its own. Cardano may not be as big as<a href="https://u.today/bitcoin-reaches-67-billion-details" rel="noopener noreferrer nofollow">Bitcoin</a> or as hyped as Ethereum, but its inclusion among cryptocurrencies with dedicated ETPs is still a big deal. It is pretty rare for a digital asset to get this kind of institutional recognition, and even rarer for it to maintain it over time.
The broader market also saw inflows for Polkadot and Litecoin, with $3.7 million and $2.2 million, respectively. But Cardano's steady growth and consistent demand show that it is relevant among an expanding array of altcoin investment options. <a href="https://u.today/32-billion-flood-crypto-market-last-week-cardano-ada-gets-its-share-too" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

$3.2 Billion Flood Crypto Market Last Week, Cardano (ADA) Gets Its Share Too

U_Today

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