While Bitcoin's (BTC) position as a viable hedge against fiat inflation continues to concenter investors, new information reflects a change in sentiment every bit Ethereum (ETH) and other cryptocurrency products choice up steam against falling Bitcoin assets under management (AUM).

The Bitcoin AUM market fell ix.5% to $48.7 billion in November, marking the yr's largest month-on-month pullback since July, co-ordinate to a CryptoCompare written report. On the other manus, altcoin-based crypto funds such as ETH saw their AUM rising 5.four% to $16.half-dozen billion.

Monthly AUM of aggregated products. Source - CryptoCompare

As shown in the above graph, the total AUM across all digital asset investment products has fallen 5.5% to $70.0 billion, which coincides with the ongoing comport market ever since Bitcoin achieved an all-fourth dimension high of above $65,000.

As a result of the 9.5% fall, the Bitcoin AUM market place represents lxx.6% of the total AUM share. Ethereum's AUM, however, rose 5.iv% to $16.6 billion while AUMs representing other crypto avails were upwards by $2.six billion.

AUM by nugget type. Source - CryptoCompare

Out of the total AUM offerings, Grayscale products amount to 76.8% of the AUM market. The Grayscale-dominated trust products vicious by 6.8% to $54.5 billion. Other prominent players include XBT Provider ($five.0 billion, 7.2% of total) and 21Shares ($2.v billion, 3.6% of total), evidenced by the graph below:

AUM by company. Source - CryptoCompare

According to the report, weekly flows into Bitcoin-based products in Nov averaged $94.four million. Out of the other $67.viii meg, Ethereum-based products contributed to roughly $24.4 million, while Cardano- and Tron-based products amounted to $10.vii million and $10.5 million, respectively.

Related: Morgan Stanley increased exposure to Bitcoin, held $300M in Grayscale shares

American finserv behemothic Morgan Stanley reportedly increased their exposure to Bitcoin through purchases of shares of Grayscale Bitcoin Trust.

Every bit Cointelegraph reported, Morgan Stanley's recent filing with the United States Securities and Commutation Commission (SEC) highlighted a 63% increase in Grayscale Bitcoin Trust (GBTC) holding.

Sporting a market toll of nearly $45 per share, Morgan Stanley's overall Bitcoin-centered portfolio surpasses $300 million, primarily aimed at BTC exposure without direct crypto investments.