- Data in the Spotlight: Bitcoin Price Rises Amid ETF Inflows and Weak Retail Demand:

Bitcoin Exchange-Traded Funds ((ETFs)) resumed inflows on Friday, with nearly $55 million flowing in after two consecutive days of outflows—$195 million on Thursday and $15 million on Wednesday, according to data from SoSoValue.

Bitcoin ETF Statistics | Source: SoSoValue

The total cumulative inflow reached $57.62 billion, with net assets of $117 billion. The continued inflows support positive market sentiment, contributing to Bitcoin's upward trend.

However, retail demand remains noticeably low despite a slight increase in open interest ((OI)) in futures contracts to $57.16 billion on Monday, compared to $56.32 billion the previous day. Nevertheless, open interest remains far below its all-time high of $94.12 billion recorded on October 7, before the sudden crash on October 10. Low retail demand often reflects weak support, as investors are not convinced that Bitcoin's price can maintain an extended upward trend.

Bitcoin Futures Open Interest | Source: CoinGlass

In contrast to Bitcoin, Ethereum saw outflows of $75 million on Friday and $42 million on Thursday. BlackRock's Ethereum fund was the only US-listed Ethereum ETF to record losses on Friday, while the rest of the funds remained quiet. Meanwhile, cumulative inflows remained at $12.88 billion, with net assets of $18.94 billion.

Ethereum ETF Statistics | Source: SoSoValue

On the other hand, spot XRP ETFs are performing excellently, achieving inflows for 15 consecutive days. SoSoValue data shows that XRP ETFs recorded $10 million in inflows on Friday and have not seen any outflows since their launch on November 13. The total cumulative inflow stands at $897 million, with net assets of $861 million.

XRP ETF Statistics | Source: SoSoValue