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Bitcoin AUM falls 9.5% to record largest monthly pullback since July

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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 reflects a change in sentiment as Ethereum (ETH) and other cryptocurrency products pick up steam against falling Bitcoin

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