Solana, Litecoin outperform Bitcoin in terms of return on investment products
Bitcoin had some struggles this month and a lot of people are wondering how Bitcoin investment products are performing? If you look at the statistics, it becomes clear that Litecoin and Solana are growing strongly while Bitcoin is not overwhelming.
Solana takes over Locations Bitcoin
All in all, although November shows mixed indicators, the market’s numbers are now lower than they were at the beginning of this month. Since the spot market is not as efficient, digital asset-based investment products behave very similarly.
Bitcoin AUM (Assets Under Management) is down 9.5% this month, the biggest drop since July. However, products using Litecoin (LTCN) fared better at 14.9% profit, even with GBTC at – 10.2% and 12. lost% market share.
LTC isn’t the only coin that is rising in price. Even 21Share’s ASOL (a Solana-based product) had a strong return of 22%.
Average profit | The source: CryptoCompare
Even so, LTCN and ASOL alone cannot cover everyone’s collective loss. This is the third straight month that the average weekly net cash flow is positive, but inflows are still down 56.2%.
In addition, the daily volume of ETFs and ETNs also fell, causing BTCE to decline 35.1%, followed by Purpose ETF (BTCC) by 32.2%. An Exchange Traded Note (ETN) is a bond that is issued by an Exchange Traded Fund (ETF) company or a bank.
Meanwhile, it emerged that ASOL was the only product to post the profits as Solana product sales rose 171% to $ 6.3 million.
Average daily volume | Source: CryptoCompare
Towards the end of November, even the best performing products of the month fell, led by LTCN, falling 20.44% in the last 3 days. It’s now down to just 9.92%, undoing the 45.9% growth for the month.
Performance of LTCN | Source: TradingView
Similarly, BTCC fell 14.44%, GBTC -14.02%, and ASOL -12.45%.
Historically, year-end results have been a great way to start the year for many assets. The performance of these products in December will play a critical role in setting the tone for ETFs, Exchange Traded Products (ETPs) and ETNs in 2022.
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Solana, Litecoin outperform Bitcoin in terms of return on investment products
Bitcoin had some struggles this month and a lot of people are wondering how Bitcoin investment products are performing? If you look at the statistics, it becomes clear that Litecoin and Solana are growing strongly while Bitcoin is not overwhelming.
Solana takes over Locations Bitcoin
All in all, although November shows mixed indicators, the market’s numbers are now lower than they were at the beginning of this month. Since the spot market is not as efficient, digital asset-based investment products behave very similarly.
Bitcoin AUM (Assets Under Management) is down 9.5% this month, the biggest drop since July. However, products using Litecoin (LTCN) fared better at 14.9% profit, even with GBTC at – 10.2% and 12. lost% market share.
LTC isn’t the only coin that is rising in price. Even 21Share’s ASOL (a Solana-based product) had a strong return of 22%.
Average profit | The source: CryptoCompare
Even so, LTCN and ASOL alone cannot cover everyone’s collective loss. This is the third straight month that the average weekly net cash flow is positive, but inflows are still down 56.2%.
In addition, the daily volume of ETFs and ETNs also fell, causing BTCE to decline 35.1%, followed by Purpose ETF (BTCC) by 32.2%. An Exchange Traded Note (ETN) is a bond that is issued by an Exchange Traded Fund (ETF) company or a bank.
Meanwhile, it emerged that ASOL was the only product to post the profits as Solana product sales rose 171% to $ 6.3 million.
Average daily volume | Source: CryptoCompare
Towards the end of November, even the best performing products of the month fell, led by LTCN, falling 20.44% in the last 3 days. It’s now down to just 9.92%, undoing the 45.9% growth for the month.
Performance of LTCN | Source: TradingView
Similarly, BTCC fell 14.44%, GBTC -14.02%, and ASOL -12.45%.
Historically, year-end results have been a great way to start the year for many assets. The performance of these products in December will play a critical role in setting the tone for ETFs, Exchange Traded Products (ETPs) and ETNs in 2022.
Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews
At home at home
According to AMBCrypto
Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page
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