In a week that saw the bears finally take back market momentum and FUD spread like wildfire, institutional capital towards crypto investment products saw massive outflows. Market leaders Bitcoin and Ethereum both saw an outflow of $110.9M and $12.6M, respectively. Cardanos ADA token however saw an inflow of $10M into its products, bringing its total to $24M worth of institutional assets. This number pales in comparison to the $4.3bn invested in Bitcoin products and $924M in Ethereum. 

As investors look for more environmentally friendly blockchain technology, Cardano has emerged as a leading candidate to fill that void, as Ethereum 2.0 and its proof of stake validation system doesn't look to launch until Q1 2022 at the earliest. In the mean time, Cardano has its own challenges as it looks to launch the long awaited Alonzo hardfork update that will pave the way for smart contract capabilities that many industry experts believe will outperform Ethereums.

This early shift in investor sentiment last week could be the opening bell in what promises to be an exciting 12 month period for both ADA and ETH as they both look to make major upgrades in hopes of positioning themselves as the odds on  favorite for network adoption.