According to crypto data company CryptoCompare, Bitcoin (BTC)-based investment products and altcoin-based products face strong competition. However, it has been attracting a serious investment flow in altcoins lately. Cryptocoin. com, we have compiled the details for you, let’s examine the subject together…
CryptoCompare: These 2 altcoin products performed very well!
In a new report, CryptoCompare says that Litecoin (LTC) and Solana (SOL) based investment products provide better returns than BTC based products in the 30-day period until 19 November. CryptoCompare made the following statements on the subject:
Solana and Litecoin-based products led by ASOL 21Shares (Solana-based product) and LTCN Grayscale (Litecoin-based product) outperformed BTC-based investment products, yielding 22.0% and 14.9% returns, respectively.
CryptoCompare: Recorded profit with Ethereum and Solana based product compared to BTC!
CryptoCompare says that Bitcoin-based investment products recorded a loss in the same period, while products based on popular altcoin Ethereum and Solana recorded a profit. CryptoCompare made the following statements on the subject:
BTC-based products have experienced losses ranging from 6% to 13% in the last 30 days, while gains ranging from 0.5% to 7% for ETH products have been seen in ETH products. 21Shares’ ASOL ETN had the biggest gain of 22%…
CryptoCompare: Altcoins’ AUM is increasing while Bitcoin is falling!
The report also highlights that the level of assets under management (AUM) for Bitcoin saw a significant decrease on a monthly basis, while the AUM for other cryptocurrencies increased. CryptoCompare made the following statements on the subject:
Bitcoin AUM is 9% in November. It fell 5 to $48.7 billion, making its biggest monthly pullback since July. Meanwhile, Ethereum and other cryptocurrency products are 5% of their AUM respectively. It saw an increase of 4 to $16.6 billion and an increase of 10.4% to $2.6 billion.