Ethereum, Cardano and XRP lead the comeback in the institutional markets

• Ethereum led the crypto comeback into the market of institutional investors after two hard weeks and recorded an increase of 27 percent last week.
• XRP, Cardano and Polkadot have also impressed, but Bitcoin still records drains at a time when its price seems to be 37,000 USD.

After two weeks of significant middle drainage, the institutional cryptocurrency market has recovered according to the latest market data. Coinshares's weekly report shows that crypto investment products recorded a net inflow of $ 74 million last week. Ethereum, XRP, ADA and DOT were among the top performers. Bitcoin is still in the red and records drains of $ 4 million for the week, a consecutive three-week run in the minus for the top crypto.

It was hard weeks for the market for crypto investment products. Last week, the sector recorded net drains of $ 151 million, which corresponds to 0.34 percent of all assets managed. This was an expected reaction after a few hard weeks in which most cryptos lost over 30 percent of their value.

However, da Coinshares now shows that recovery has experienced a recovery. Ethereum recorded tributaries of $ 47 million last week. This meant that the king of old coins recorded its highest market share with 27 percent of all investment products.

Despite the continued Ripple vs. SEC lawsuit, XRP also remained popular with institutional investors. The crypto has continued to separate from its parent company. Even in times when the SEC Ripple defeats in court (although this rarely becomes), the asset can still assert itself. Last week, XRP recorded net inflows of $ 4.5 million

Cardano (ADA) and Polkadot (DOT) traces of $ 5.2 million or $ 3.8 million

Hard time for Bitcoin

While his competitors recovered from a few bad weeks, Bitcoin continued to record a decreasing institutional interest, at least about investment products. Last week she recorded drainage of $ 4 million. In the past three weeks together, Bitcoin has recorded over $ 245 million in drains, which corresponds to 0.8 percent of all assets managed. After an excellent start of the year, however, the BTC system products have still increased by $ 4.4 billion.

The drains match the price movement of Bitcoin in the past few weeks. After the dramatic decline after the Tesla bomb and the procedure in China, it fought hard to stay over $ 35,000. At the time of printing, the flagship crypto is traded at $ 37,100, a plus of only 2.5 percent.

May was a hard month for cryptocurrency, probably the worst month of all time. Many investors were frightened by the sudden drop in prices and started to panic.

And while many hope that the worst will be behind us, JPmorgan warns that this is not the case. In their latest report, the analysts of JPMorgan