Crypto

Institutions reduced their exposure to bitcoin by 10%, the biggest drop since July. – Media patrols

While the potential of bitcoin BitcoinThe new data shows that a change in sentiment is taking place, as more and more investors see the euro as an attractive alternative to inflation. Ethereum and other altcoins that is gaining ground versus BTC.

Bitcoin market AUM (i.e. Assets under managementthat is, assets held by one or more companies) fell 9.5% in November to $ 48.5 billion, marking the largest monthly decline since July. On the other hand, according to relationship Posted by CryptoCompare, Coin Hedged Funds AltcoinPension funds, like ETH, saw a 5.4% increase to $ 16.5 billion.

Monthly AUM | CryptoCompare

As can be seen from the chart above, total assets under management invested in digital assets fell 5.5% to $ 70 billion, a level it failed to reach. BTC traded at $ 67,000 for the first time..

As a result of this 9.5% drop, managed assets in the bitcoin market represent 70.6% of all managed digital assets. Meanwhile, ETH market assets under management grew 5.4% to $ 16.5 billion, while other assets under management, represented by other cryptocurrencies, totaled $ 2.6 billion.

Institutions reduced their exposure to bitcoin by 10%, the biggest drop since July.AUM by type of asset | CryptoCompare

All AUM offers, products and services. Shades of grey it constitutes 76.8% of the market for assets under management. Grayscale-denominated products fell 6.8% to $ 54.5 billion. Other major players, including XBT Provider ($ 5 billion, 7.2% of total) and 21Shares ($ 2.5 billion, 3.6% of total) are represented in the following graph:

Institutions reduced their exposure to bitcoin by 10%, the biggest drop since July.AUM by institution | CryptoCompare

According to the report, influx The weekly inflow of money into bitcoin derivatives in November was $ 94.5 million. Of the remaining $ 67.8 million, derived from Ethereum contributed $ 24.4 million, while those derived from Cardano and Tron totaled $ 10.7 million and $ 10.5 million, respectively.

Morgan stanleyOne of the giants of the American financial industry, announced that it had increased its exposure to bitcoin by buying shares. Grayscale Bitcoin Trust.

September 30th, reported For Securities Exchange Commission a 63% increase in exposure to digital assets. With an average purchase price of $ 45 per GBTCMorgan Stanley’s cryptocurrency portfolio has reached more than $ 300 million.

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