Bitcoin and Cardano Skyrocket With 716% Increase in Fund Flows

💲🤑 Massive Inflows into Digital Assets!

In the latest review by CoinShares, digital asset investment products saw an **astonishing increase** in inflows, totaling **$932 million**—a **716% rise** from the previous week's $130 million! 🤑

Key Highlights:

- **Bitcoin (BTC)** led the charge with a whopping **$942 million** in ETF inflows, underscoring its dominance. Bitcoin products have now accumulated **$13.85 billion** in inflows this year! 🚀

- **Altcoins in the Spotlight**:

- **Cardano (ADA)** recorded inflows of **$1.9 million**, a huge jump from zero the previous week. Total ADA ETP investments reached **$10 million** for 2024. 🌟

- **Solana (SOL)** and **Chainlink (LINK)** also saw significant inflows of **$4.9 million** and **$3.7 million**, respectively. 📈

Meanwhile, **Ethereum (ETH)** faced outflows of **$23 million** due to SEC-related uncertainties. 😬

🔍 This surge followed a better-than-expected CPI report, linking crypto prices with interest rate expectations. With **89% of total inflows** happening in the last three trading days of the week, investor confidence in BTC and ADA is clearly on the rise! 🚀💹

Stay tuned for more updates on the dynamic world of digital assets! 🌐

#CryptoWatchMay2024 #BitcoinUpdate #CardanoPredictions #Solana