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Institutional investors back Cardano ahead of Vasil upgrade

Institutional investors are investing about $400,000 in the cryptocurrency this week.

By Finst News
• 2 min read
Institutional investors back Cardano ahead of Vasil upgrade

Institutional investors are investing about $400,000 in the cryptocurrency this week. It's on the cusp of a big change. Institutional investors put about $400,000 into Cardano products, ETFs, ETPS, etc. CoinShares, the largest digital asset manager in Europe reports this.

This is a fourfold increase from last week. In total, $14 million has been invested in Cardano. The coin is getting a major update this month, Vasil. It’s expected to make the blockchain thousands of percent faster, enabling mass adoption. The launch is slated for mid-September.

Progress has not been smooth so far. A critical bug was found and the release was postponed several times. Cardano is also hitting milestone after milestone in other areas.

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