2021-12-1 17:12 |
Yet another week of inflows into cryptocurrency products and funds sent the year-to-date inflows to a record $9.5 billion surpassing $6.7 billion in 2020.
Meanwhile, continued price pressures saw total assets under management (AUM) fall from $75.4 bln to $72.8 bln.
For the week ending Nov. 26, crypto products recorded $306 million in inflows, with Bitcoin accounting for the majority of it for the fifth week in a row, CoinShares data showed.
This has been despite the price declines in the last few weeks, which means institutional investors are unperturbed by the price actions and continue to flock into the space.
Bitcoin (BTC) has been posting inflows for 11 straight weeks now with a total of $2.7 bln. So far, in 2021, the crypto asset has attracted just over $6.9 bln and $48.32 bln overall.
BTC -0.30%
Bitcoin / USD
BTCUSD
$ 57,076.76
-$171.23
-0.30%
Volume 36.2 b
Change -$171.23
Open $57,076.76
Circulating 18.89 m
Market Cap 1.08 t
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Polkadot (DOT) and Solana (SOL) Continue To Be The Winners Of Inflows Relative To AUM
The leading cryptocurrency saw the most significant inflows in 5 weeks totaling $247 million.
“Inflation is skyrocketing, and people are searching for more alternatives for their money in the bank,” said Ruud Feltkamp, chief of cloud-based automated crypto trading bot Cryptohopper.
“I don't think it'll take long until investors see this as a ‘cheap' buying moment. We are still in the midst of the bull cycle, and I think rising inflation will lead to more money being allocated to stocks and crypto.”
Ethereum (ETH) meanwhile had its fifth straight week of inflows. With $23.1 million flowing in last week, the YTD inflows now stand at almost $1.2 bln.
ETH 6.24%
Ethereum / USD
ETHUSD
$ 4,733.10
$295.35
6.24%
Volume 29.59 b
Change $295.35
Open $4,733.10
Circulating 118.56 m
Market Cap 561.14 b
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In terms of inflows relative to assets under management, Polkadot (DOT) and Solana (SOL) continue to be the winners, with inflows representing 8.6% of AUM, or $11.5 million, and 5.9% or $14.6 million, respectively, last week.
DOT 4.65%
Polkadot / USD
DOTUSD
$ 38.11
$1.77
4.65%
Volume 1.56 b
Change $1.77
Open $38.11
Circulating 987.58 m
Market Cap 37.63 b
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14 h
Polkadot (DOT) and Solana (SOL) Continue To Be The Winners Of Inflows Relative To AUM
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SOL 5.00%
Solana / USD
SOLUSD
$ 213.09
$10.65
5.00%
Volume 3.02 b
Change $10.65
Open $213.09
Circulating 305.86 m
Market Cap 65.18 b
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14 h
Polkadot (DOT) and Solana (SOL) Continue To Be The Winners Of Inflows Relative To AUM
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Multi-asset investment products saw inflows totaling $9.1 mln last week, representing the third-largest investment product by AUM at $4.6 bln.
Cardano (ADA) was the only one last week to post outflows of $1.1 mln, while Binance Coin (BNB), Tron (TRX), and Ripple (XRP) didn’t record any flows.
ADA -0.31%
Cardano / USD
ADAUSD
$ 1.58
$0.00
-0.31%
Volume 1.84 b
Change $0.00
Open $1.58
Circulating 33.31 b
Market Cap 52.58 b
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BNB 1.94%
Binance Coin / USD
BNBUSD
$ 631.61
$12.25
1.94%
Volume 2.82 b
Change $12.25
Open $631.61
Circulating 166.8 m
Market Cap 105.35 b
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TRX 1.41%
TRON / USD
TRXUSD
$ 0.10
$0.00
1.41%
Volume 2.25 b
Change $0.00
Open $0.10
Circulating 71.66 b
Market Cap 7.01 b
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XRP 0.86%
XRP / USD
XRPUSD
$ 1.01
$0.01
0.86%
Volume 2.86 b
Change $0.01
Open $1.01
Circulating 47.16 b
Market Cap 47.54 b
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