{"id":373422,"date":"2021-11-28T10:14:26","date_gmt":"2021-11-28T07:14:26","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-aum-falls-9-5-to-record-largest-monthly-pullback-since-july\/"},"modified":"2021-11-28T10:14:26","modified_gmt":"2021-11-28T07:14:26","slug":"bitcoin-aum-falls-9-5-to-record-largest-monthly-pullback-since-july","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-aum-falls-9-5-to-record-largest-monthly-pullback-since-july\/","title":{"rendered":"# Bitcoin AUM falls 9.5% to record largest monthly pullback since July"},"content":{"rendered":"

“# Bitcoin AUM falls 9.5% to record largest monthly pullback since July <\/strong>”<\/p>\n

The Bitcoin AUM market fell 9.5% to $48.7 billion in November, marking the year\u2019s largest month-on-month pullback since July, according<\/a> to a CryptoCompare report. On the other hand, altcoin-based crypto funds such as ETH saw their AUM rise 5.4% to $16.6 billion.<\/p>\n

While Bitcoin\u2019s (BTC) position as a viable hedge against fiat inflation continues to attract investors, new data reflects a change in sentiment as Ethereum (ETH) and other cryptocurrency products pick up steam against falling Bitcoin assets under management (AUM).<\/p>\n

Monthly AUM of aggregated products. Source – CryptoCompare<\/a><\/figcaption><\/figure>\n

As shown in the above graph, the total AUM across all digital asset investment products has fallen 5.5% to $70.0 billion, which coincides with the ongoing bear market ever since Bitcoin achieved an all-time high of above $65,000.\u00a0<\/p>\n

As a result of the 9.5% fall, the Bitcoin AUM market represents 70.6% of the total AUM share. Ethereum\u2019s AUM, however, rose 5.4% to $16.6 billion while AUMs representing other crypto assets were up by $2.6 billion.<\/p>\n

AUM by asset type. Source – CryptoCompare<\/a><\/figcaption><\/figure>\n

Out of the total AUM offerings, Grayscale products amount to 76.8% of the AUM market. The Grayscale-dominated trust products fell by 6.8% to $54.5 billion. Other prominent players include XBT Provider ($5.0bn, 7.2% of total) and 21Shares ($2.5bn, 3.6% of total), evidenced by the graph below:<\/p>\n

AUM by company. Source – CryptoCompare<\/a><\/figcaption><\/figure>\n

According to the report, weekly flows into Bitcoin-based products in November averaged $94.4 million. Out of the other $67.8 million, Ethereum-based products contributed to roughly $24.4 million, while Cardano- and Tron-based products amounted to $10.7 million and $10.5 million respectively.<\/p>\n

Related: <\/strong>Morgan Stanley increased exposure to Bitcoin, held $300M in Grayscale shares<\/em><\/strong><\/p>\n

American finserv giant Morgan Stanley reported increased their exposure to Bitcoin through purchases of shares of Grayscale Bitcoin Trust. <\/p>\n

As Cointelegraph reported, Morgan Stanley\u2019s recent filing with the United States Securities and Exchange Commission (SEC) highlighted a 63% increase in Grayscale Bitcoin Trust (GBTC) holding. <\/p>\n

Sporting a market price of nearly $45, Morgan Stanley\u2019s overall Bitcoin-centered portfolio surpasses $300 million, primarily aimed at BTC exposure without direct crypto investments<\/p>\n