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

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 -0.83% Bitcoin / USD BTCUSD $ 26,848.67
-$222.84-0.83% Volume 10.83 b Change -$222.84 Open $26,848.67 Circulating 19.39 m Market Cap 520.68 b 1 y SEC Commissioner says NFTs Might Fall Within Their Jurisdiction, Gensler Hires Senate Aid for Crypto Policy 1 y A Possible Crypto Recovery Moving Into New Year, Risk-on Sentiments Send The Stock Market to Another Record High 1 y Bitcoin and Ether Dump More Going Into Year-End, ETH Killers Showing Great Momentum

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 -1.34% Ethereum / USD ETHUSD $ 1,869.32
-$25.05-1.34% Volume 4.49 b Change -$25.05 Open $1,869.32 Circulating 120.23 m Market Cap 224.76 b 1 y Coinbase Predicts Substantial Growth of Newer L1 Chains & Institutionalization of Regulated DeFi 1 y A Possible Crypto Recovery Moving Into New Year, Risk-on Sentiments Send The Stock Market to Another Record High 1 y The Sandbox Game Is Migrating to Ethereum Sidechain Polygon and Launching A DAO in 2022

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 -1.32% Polkadot / USD DOTUSD $ 5.27
-$0.07-1.32% Volume 88.57 m Change -$0.07 Open $5.27 Circulating 1.19 b Market Cap 6.28 b 1 y Bitcoin and Ether Breaks Trend With Outflows While Altcoins Continue to See Inflows 1 y SBI Holdings to Launch Japan’s First Crypto Fund; Including BTC, ETH, DOT, LINK, LTC, XRP & BCH 1 y Solana Unaffected by Price Jitters while Bitcoin, Ether, Polkadot, and Cardano Post Outflows SOL 1.39% Solana / USD SOLUSD $ 21.56
$0.301.39% Volume 358.83 m Change $0.30 Open $21.56 Circulating 396.97 m Market Cap 8.56 b 1 y Coinbase Predicts Substantial Growth of Newer L1 Chains & Institutionalization of Regulated DeFi 1 y Bitcoin and Ether Dump More Going Into Year-End, ETH Killers Showing Great Momentum 1 y Bitcoin and Ether Breaks Trend With Outflows While Altcoins Continue to See Inflows

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 -1.19% Cardano / USD ADAUSD $ 0.37
$0.00-1.19% Volume 144.02 m Change $0.00 Open $0.37 Circulating 34.89 b Market Cap 13.06 b 1 y Bitcoin Is Back Above $51k and Ether $4,100 as The Cryptocurrency Market Goes Green 1 y Bitcoin and Ether Breaks Trend With Outflows While Altcoins Continue to See Inflows 1 y Solana (SOL) Bucks the Trend, Along With Tron (TRX), by Recording Highest Inflows After Bitcoin (BTC): Report BNB -1.55% BNB / USD BNBUSD $ 301.33
-$4.67-1.55% Volume 324.73 m Change -$4.67 Open $301.33 Circulating 155.86 m Market Cap 46.96 b 1 y SEC Rejects Another Spot Bitcoin ETF, Binance Announces New System to Remove BNB from Circulation 1 y BitMEX Launches BMEX Token for Active Users, US Not Eligible for Airdrop 1 y Crypto Outliers: Terra (LUNA) Amasses $16.9 Bln & Surpass BSC, Avalanche (AVAX) Aims for 1 Million Daily Transactions TRX -0.75% TRON / USD TRXUSD $ 0.08
$0.00-0.75% Volume 266.85 m Change $0.00 Open $0.08 Circulating 90.19 b Market Cap 7.32 b 1 y Bitcoin and Ether Breaks Trend With Outflows While Altcoins Continue to See Inflows 1 y Justin Sun Stepping Down from Tron (TRX) Leadership To Be A Diplomat For Grenada 1 y Solana (SOL) Bucks the Trend, Along With Tron (TRX), by Recording Highest Inflows After Bitcoin (BTC): Report XRP 1.47% XRP / USD XRPUSD $ 0.53
$0.011.47% Volume 1.11 b Change $0.01 Open $0.53 Circulating 51.99 b Market Cap 27.55 b 1 y Bitcoin and Ether Breaks Trend With Outflows While Altcoins Continue to See Inflows 1 y SBI Holdings to Launch Japan’s First Crypto Fund; Including BTC, ETH, DOT, LINK, LTC, XRP & BCH 1 y Ledger Announces Integration with FTX and Coinbase, Launching Crypto Life Debit Card