Inflow of funds into Cardano shoots 3,400% and boosts ADA

Publicado em por

chang-cardano-sera-lancado

The volume of inflows into investment products linked to Cardano (ADA) registered an increase of 3,400% compared to the same period of the previous year.

The CoinShares Weekly Report pointed out that, between November 8th and 15th, the total amount invested in these products jumped from US$100,000 to US$3.4 million, reinforcing the growing interest of investors in cryptocurrency.

The appreciation of ADA-based financial products such as AADA 21Shares Cardano ETP and ETC Group Physical Cardano (RDAN) has contributed to a net positive flow of $15 million over the past 45 days.

Despite being behind options related to Binance Coin (BNB) and Tron (TRX), Cardano stood out as one of the most sought after altcoins by institutional investors.

  • Also read: Bhutan government sells US$33 million in Bitcoin

Cardano's appreciation reflects optimism in the market

Accompanying the increase in investment flow, the price of ADA shot up 57% in just seven days, rising from US$0.5192 to US$0.8192. This movement marked the biggest spike since 2022, highlighting Cardano's strength in the cryptocurrency scene. The appreciation placed ADA among the most profitable cryptos in the last week, reinforcing investor confidence.

The increase in interest in financial products linked to Cardano also suggests broader optimism regarding the cryptocurrency market.

The total invested in crypto products recently reached US$2.193 billion, indicating a return movement of institutional capital to digital assets. However, Cardano has managed to differentiate itself with consistent and growing demand.

Investor behavior towards ADA-based funds will be a key indicator to gauge continued interest in the cryptocurrency. Maintaining positive or stable flows could signal a growing appetite for Cardano in the traditional financial market. On the other hand, any reversal in this movement could affect the ADA price growth trajectory.

Additionally, rumors that Cardano founder Charles Hoskinson will be invited to join the Trump administration have helped keep interest in ADA growing.

  • Also read: PEPE and WIF shine on Coinbase! Discover 3 pre-sales that are on investors’ radar

The post Inflow of funds into Cardano shoots up 3,400% and boosts ADA appeared first on CriptoFacil.