Bitcoin AUM falls 9.5% to record largest monthly pullback since July

Month-to-month AUM of aggregated product. Source – CryptoCompare

The 9.5% drop in AUM shares has actually led to the Bitcoin AUM market accounting for 70.6%. However, Ethereums AUM rose 5.4% to $16.6 Billion, while other crypto assets saw a boost of $2.6 Billion.

AUM by type of property. Source – CryptoCompare

Grayscale items account for 76.8% in the AUM market. Grayscale trust products dominated by Grayscale fell 6.8% to $54.5 million. The graph listed below programs that 21Shares ($ 2.5 bn or 3.6% of the total) and XBT Provider ($ 5.0 bn each, 7.2% of the overall) are other popular gamers.

The chart above shows that the AUM of all digital property investments products fell 5.5% to $70.0 Billion. This coincides with the current bear market because Bitcoin reached an all-time high above $65,000.

According to CryptoCompare, the November drop in Bitcoin AUM to $48.7 Billion was 9.5%. This is the biggest monthly pullback since July. Altcoin-based crypto funds like ETH saw their AUM increase 5.4% to $16.6 million.

Although Bitcoin (BTC), as a viable hedge versus fiat inflation, continues to draw in investors. New data shows a shift in sentiment as Ethereum and other cryptocurrency products acquire steam against falling Bitcoin assets under Management (AUM).

AUM by company Source – CryptoCompare

The report reveals that in November, the typical weekly flow into Bitcoin-based items was $94.4 million. The Ethereum-based items made up roughly $24.4 million of the $67.8 millions. Cardano and Tron-based products were $10.7 million and $10.5 Million, respectively.

Related: Morgan Stanley increases direct exposure to Bitcoin and holds $300M in Grayscale shares

Grayscale products account for 76.8% in the AUM market. The graph listed below shows that 21Shares ($ 2.5 bn or 3.6% of the total) and XBT Provider ($ 5.0 bn each, 7.2% of the total) are other prominent players.

Cointelegraph reported that Morgan Stanleys newest filing with the United States Securities and Exchange Commission highlighted a 63% rise in Grayscale Bitcoin Trust (GBTC), holdings.

Morgan Stanleys whole Bitcoin-centered portfolio has a market value of practically $45. It is mainly focused on BTC direct exposure and not direct crypto financial investments.
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Morgan Stanley, an American monetary giant, reported that they increased their direct exposure to Bitcoin by acquiring shares in Grayscale Bitcoin Trust.

According to CryptoCompare, the November drop in Bitcoin AUM to $48.7 Billion was 9.5%. Altcoin-based crypto funds like ETH saw their AUM boost 5.4% to $16.6 million.

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