Polkadot (DOT) and Solana (SOL) Continue To Be The Winners Of Inflows Relative To AUM

Bitcoin has been posting inflows for 11 straight weeks now while Ether for five bringing their YTD flows to over $6.9 bln and almost $1.2 bln, respectively.

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 2.10% Bitcoin / USD BTCUSD $ 58,230.90
$1,222.852.10% Volume 36.56 b Change $1,222.85 Open $58,230.90 Circulating 18.89 m Market Cap 1.1 t 36 min Polkadot (DOT) and Solana (SOL) Continue To Be The Winners Of Inflows Relative To AUM 1 h Will Bitcoin Break the Streak? Historically, Red November Always Leads to Losses in December 20 h Indian Finance Minister says No Plan to Recognize Bitcoin as a Currency, Meanwhile Indians Want Crypto Taxed but Not Legalized

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 8.31% Ethereum / USD ETHUSD $ 4,676.03
$388.588.31% Volume 24.83 b Change $388.58 Open $4,676.03 Circulating 118.55 m Market Cap 554.35 b 36 min Polkadot (DOT) and Solana (SOL) Continue To Be The Winners Of Inflows Relative To AUM 1 h Will Bitcoin Break the Streak? Historically, Red November Always Leads to Losses in December 1 d Invesco Launches Physically-backed Bitcoin ETPs, WisdomTree Lists Three Crypto-Basket ETPs in Europe

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 6.79% Polkadot / USD DOTUSD $ 38.29
$2.606.79% Volume 1.37 b Change $2.60 Open $38.29 Circulating 987.58 m Market Cap 37.82 b 36 min Polkadot (DOT) and Solana (SOL) Continue To Be The Winners Of Inflows Relative To AUM 1 d Invesco Launches Physically-backed Bitcoin ETPs, WisdomTree Lists Three Crypto-Basket ETPs in Europe 1 w DeFi Hub Acala Network Secures First Spot In Polkadot’s Parachain Auction SOL 3.59% Solana / USD SOLUSD $ 214.38
$7.703.59% Volume 2.5 b Change $7.70 Open $214.38 Circulating 304.18 m Market Cap 65.21 b 36 min Polkadot (DOT) and Solana (SOL) Continue To Be The Winners Of Inflows Relative To AUM 1 d Invesco Launches Physically-backed Bitcoin ETPs, WisdomTree Lists Three Crypto-Basket ETPs in Europe 1 w Investors Unfazed by Profit-taking as Another Week of Flows Bring YTD Crypto Inflows to $9.2B

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 1.79% Cardano / USD ADAUSD $ 1.60
$0.031.79% Volume 1.92 b Change $0.03 Open $1.60 Circulating 33.31 b Market Cap 53.29 b 36 min Polkadot (DOT) and Solana (SOL) Continue To Be The Winners Of Inflows Relative To AUM 1 d Invesco Launches Physically-backed Bitcoin ETPs, WisdomTree Lists Three Crypto-Basket ETPs in Europe 1 w Investors Unfazed by Profit-taking as Another Week of Flows Bring YTD Crypto Inflows to $9.2B BNB 1.61% Binance Coin / USD BNBUSD $ 629.02
$10.131.61% Volume 2.58 b Change $10.13 Open $629.02 Circulating 166.8 m Market Cap 104.92 b 36 min Polkadot (DOT) and Solana (SOL) Continue To Be The Winners Of Inflows Relative To AUM 1 h Will Bitcoin Break the Streak? Historically, Red November Always Leads to Losses in December 1 w “Ethereum Is The Clear Winner,” says ConsenSys CEO as MetaMask Users Grow 38x in Last Year TRX 3.56% TRON / USD TRXUSD $ 0.10
$0.003.56% Volume 2.28 b Change $0.00 Open $0.10 Circulating 71.66 b Market Cap 7.09 b 36 min Polkadot (DOT) and Solana (SOL) Continue To Be The Winners Of Inflows Relative To AUM 1 w Investors Unfazed by Profit-taking as Another Week of Flows Bring YTD Crypto Inflows to $9.2B 2 w 13 Consecutive Week of Inflows Send Bitcoin AUM to A Record $56B and Ether’s Past $21B For The First Time XRP 5.03% XRP / USD XRPUSD $ 1.02
$0.055.03% Volume 3.05 b Change $0.05 Open $1.02 Circulating 47.16 b Market Cap 48.27 b 36 min Polkadot (DOT) and Solana (SOL) Continue To Be The Winners Of Inflows Relative To AUM 1 w Investors Unfazed by Profit-taking as Another Week of Flows Bring YTD Crypto Inflows to $9.2B 1 w Ripple Strikes at the SEC’s Crypto “Monopoly” by Proposing Bigger Role to CFTC