- The surge in cryptocurrency ETF inflows sparks optimism for higher Bitcoin, Ethereum, and Ripple prices.
Bitcoin spot ETF funds continued their inflows for the third consecutive day, attracting nearly $844 million on Wednesday. Interest in US-listed Bitcoin spot ETFs has increased significantly this week, with total inflows of $117 million on Monday and $754 million on Tuesday.
Total inflows reached $58.12 billion, with net assets at $128 billion, indicating a return of investor confidence after weeks of moderate inflows and declining sentiment.
Bitcoin ETF inflows | Source: SoSoValue
Ethereum spot ETFs saw a notable increase in cash flows, with investors depositing $175 million on Wednesday, compared to about $130 million on Tuesday and $5 million on Monday. This strong demand has pushed total inflows to $12.74 billion, with net assets at $20.84 billion, according to SoSoValue data. If demand stabilizes and market sentiment continues to improve, Ethereum is poised for further upward movement.
Ethereum ETF inflows | Source: SoSoValue
Meanwhile, XRP spot ETFs experienced a slight decrease in inflows, declining to approximately $11 million on Wednesday from $13 million the previous day. Overall demand for XRP ETFs remains stable, with only one day of outflows—around $41 million on January 7—since their launch. Total inflows stand at $1.26 billion, with net assets at $1.56 billion.
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Before00zero
· 21h ago
Both Ethereum (ETH) and Ripple (XRP) are experiencing slight declines, with the former trading above $3300, while the latter tests the support level at $2.10. Looking ahead, profit-taking may dominate the scene, but the entry of new traders could ignite the spark for a new bullish wave.
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Before00zero
· 21h ago
Bitcoin (BTC) is trading lower but remains above $96,000 as of the time of writing this report on Thursday, as the broader cryptocurrency market pulls back from recent highs driven by investor optimism and increasing institutional interest.
- The surge in cryptocurrency ETF inflows sparks optimism for higher Bitcoin, Ethereum, and Ripple prices.
Bitcoin spot ETF funds continued their inflows for the third consecutive day, attracting nearly $844 million on Wednesday. Interest in US-listed Bitcoin spot ETFs has increased significantly this week, with total inflows of $117 million on Monday and $754 million on Tuesday.
Total inflows reached $58.12 billion, with net assets at $128 billion, indicating a return of investor confidence after weeks of moderate inflows and declining sentiment.
Bitcoin ETF inflows | Source: SoSoValue
Ethereum spot ETFs saw a notable increase in cash flows, with investors depositing $175 million on Wednesday, compared to about $130 million on Tuesday and $5 million on Monday. This strong demand has pushed total inflows to $12.74 billion, with net assets at $20.84 billion, according to SoSoValue data. If demand stabilizes and market sentiment continues to improve, Ethereum is poised for further upward movement.
Ethereum ETF inflows | Source: SoSoValue
Meanwhile, XRP spot ETFs experienced a slight decrease in inflows, declining to approximately $11 million on Wednesday from $13 million the previous day. Overall demand for XRP ETFs remains stable, with only one day of outflows—around $41 million on January 7—since their launch. Total inflows stand at $1.26 billion, with net assets at $1.56 billion.