Why did Cardano see an increase in investment inflows last week?

Cardano fell along with the rest of the market, but seems to be more resilient than other assets in the top 10 cryptocurrencies by market cap. At the time of writing, ADA is trading at $ 1.52 with gains of 2.8% on the daily chart and 3.9% on the 1-hour chart. ADA also saw an impressive 36.8% increase last month. Small payoff ADA on the daily chart. Source: ADAUSDT Tradingview The Bitcoin crash was partly caused by environmental concerns. According to Tesla CEO Elon Musk, this seems to have affected many investors. Cardano-based investment products have benefited from this story, according to the CoinShares report. In the report, last week Cardano saw the largest investment flow, with $ 10 million in response to "investors actively choosing coin proof based on environmental concerns". Alongside BTC, altcoins have seen positive entries in the same timeframe, but overall asset flows have been negative for the past two weeks as shown in the chart below. Source: CoinShares Ethereum reported an estimated $ 12.6 million ascent after a long record entry period. According to CoinShares, Ethereum-based investment products saw a total entry of $ 924 million in 2021. Cardano outperforms Bitcoin Weekly Bitcoin investment flows have been hardest hit by negative asset outflows, with 110.9 million. However, the cryptocurrency with its largest market cap continues to record $ 4,130 million in positive flows (YTD) to date, with 31,597 assets under management (AUM). Source: CoinShares Ripple, Polkadot, Litecoin, and Stellar also posted positive inputs, but DOT alone is approaching ADA at $ 5.5 million. Cardano ranks fifth in YTD's positive entries with $ 24 million behind Bitcoin, Ethereum, Polkadot ($ 55 million) and Ripple ($ 31 million). The report states: The digital asset investment product recorded a total net exit of $ 97 million for the second consecutive week, which is another record. (…) Represent

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