The Bitcoin AUM market fell 9.5% to $48.7 billion in November, marking the year’s largest month-on-month pullback since July, according 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.While Bitcoin’s (BTC) position as a viable hedge against fiat inflation continues to attract investors, new data … [Read more...] about Bitcoin AUM falls 9.5% to record largest monthly pullback since July
AUM
Institutional Bitcoin products tag record AUM despite volume pulling back
Institutional traders have locked a record sum of capital into Bitcoin investment products despite trade volume declining during the second half of 2021.According to CoinShares’ Nov. 15 “Digital Asset Fund Flows Weekly” report, Bitcoin (BTC) investment products saw total inflows of $97.5 million between Nov. 8 and Nov. 12 — pushing the sector’s assets under management (AUM) up … [Read more...] about Institutional Bitcoin products tag record AUM despite volume pulling back
Galaxy Digital’s October AUM Grew More Than 40% to $3.1B
Galaxy Digital’s assets under management (AUM) grew to over $3.1 billion in October from $2.2 billion in September, with its ether-focused exchange-traded fund (ETF) cited as one of the main driving forces.The Mike Novogratz-led asset manager reported the preliminary AUM figure on Wednesday.Compared to the equivalent figure in 2020, the firm’s AUM has grown over 600% from … [Read more...] about Galaxy Digital’s October AUM Grew More Than 40% to $3.1B
Institutional investors load up ETH, with its share of AUM hitting a new record
Institutional demand for Ethereum continues to surge, with Ether products now representing more than one quarter of the assets under management (AUM) of crypto investment products.According to CoinShares’ June 1 Digital Asset Fund Flows Weekly report, the past week saw significant institutional inflows of $74 million as investors sought to capitalize on the fall out from the … [Read more...] about Institutional investors load up ETH, with its share of AUM hitting a new record