- Capital inflows into ETFs boost expectations of recovery for major cryptocurrencies:

Bitcoin ETF funds experienced a massive surge in cash flows, reaching approximately $697 million on Monday. This represents a significant increase in demand for Bitcoin ETFs listed in the United States, which recorded cash flows of about $471 million on Friday.

The total net inflows have reached $57.78 billion, while the total net assets amount to $123.52 billion. The improved risk appetite in Bitcoin ETFs supports the possibility of Bitcoin's price rising.

Bitcoin ETF Statistics | Source: SoSoValue

On the other hand, Ethereum ETFs remained on the demand side despite a slight decrease in inflow volume to $168 million on Monday from around $174 million on Friday.

The total net inflow volume stands at $12.67 billion with net assets approaching $20 billion.

Ethereum ETF Statistics | Source: SoSoValue

Meanwhile, XRP ETFs saw a notable increase in cash flows, reaching approximately $46 million on Monday compared to about $13.6 million on Friday. Interest in US-listed XRP ETFs has stabilized since their launch in November, pushing total cash flows to $1.23 billion and related net assets to $1.65 billion.

XRP ETF Statistics | Source: SoSoValue

In the derivatives market, still linked to XRP, there was a significant increase in open interest for futures contracts, which averaged $4.55 billion at the time of writing this report on Tuesday, up from $3.77 billion on Monday.

If demand from both retail and institutional sectors increases simultaneously, the chances of a steady bullish trend targeting the key level of $3.00 will increase significantly.

Open interest volume for XRP futures | Source: CoinGlass