Bitcoin, Ethereum, and XRP tokens attract slight interest from (ETFs).
Bitcoin ETF funds recorded modest inbound cash flows of approximately $6.84 million on Monday, marking the first positive day after five consecutive days of net outflows. This moderate flow on Monday broke the short-term recovery trend that reflected risk aversion in the overall crypto market. However, total inflows remain positive at over $56 billion, with total net assets at $113.5 billion.
Investors remain cautious amid geopolitical tensions, macroeconomic uncertainty, and regulatory challenges in the United States. Surpassing the $90,000 mark for Bitcoin could stabilize interest, as Bitcoin ETF products become more attractive to investors.
Bitcoin ETF inflows | Source: SoSoValue
Ethereum ETFs performed notably on Monday, with net inflows of around $117 million. This surge in demand for spot Ethereum ETFs followed four days of outflows, bringing the total cumulative inflows to $12.42 billion, with assets under management at $17.62 billion.
Ethereum ETF inflows | Source: SoSoValue
Meanwhile, XRP continues to attract ongoing interest from (ETFs) with four days of continuous cash flows. Data from SoSoValue shows that spot XRP ETFs attracted nearly $8 million in cash flows on Monday. The total cumulative inflows now stand at $1.24 billion, with net assets at $1.36 billion. The Bitwise XRP ETF outperformed other products with cash flows of approximately $5.3 million.
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Before00zero
· 1h ago
The price of Bitcoin (BTC) is heading towards the support level of $88,000 as of the time of writing this report on Tuesday. The cryptocurrency king remains confined between the levels of $88,000 and $90,000, unable to break through despite registering slight inflows into (ETFs), indicating weak institutional interest.
Bitcoin, Ethereum, and XRP tokens attract slight interest from (ETFs).
Bitcoin ETF funds recorded modest inbound cash flows of approximately $6.84 million on Monday, marking the first positive day after five consecutive days of net outflows. This moderate flow on Monday broke the short-term recovery trend that reflected risk aversion in the overall crypto market. However, total inflows remain positive at over $56 billion, with total net assets at $113.5 billion.
Investors remain cautious amid geopolitical tensions, macroeconomic uncertainty, and regulatory challenges in the United States. Surpassing the $90,000 mark for Bitcoin could stabilize interest, as Bitcoin ETF products become more attractive to investors.
Bitcoin ETF inflows | Source: SoSoValue
Ethereum ETFs performed notably on Monday, with net inflows of around $117 million. This surge in demand for spot Ethereum ETFs followed four days of outflows, bringing the total cumulative inflows to $12.42 billion, with assets under management at $17.62 billion.
Ethereum ETF inflows | Source: SoSoValue
Meanwhile, XRP continues to attract ongoing interest from (ETFs) with four days of continuous cash flows. Data from SoSoValue shows that spot XRP ETFs attracted nearly $8 million in cash flows on Monday. The total cumulative inflows now stand at $1.24 billion, with net assets at $1.36 billion. The Bitwise XRP ETF outperformed other products with cash flows of approximately $5.3 million.