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- Institutional demand for Bitcoin is rising while altcoin ETF funds lag behind:
Spot Bitcoin ETF inflows totaled $14.76 million on Thursday, after three days of outflows earlier in the week, limiting the total weekly outflows to $475.87 million. A potential inflow on Friday could help ease downward pressure on institutions, while outflows might lead to market declines over the weekend.
Data for spot Bitcoin (BTC) ETFs. Source: Sosovalue
On the other hand, Ethereum ETF funds have experienced four consecutive days of outflows so far this week, totaling $183.65 billion through Thursday. However, cumulative inflows remain at $11.91 billion, maintaining long-term confidence with net assets under management of $13.25 billion.
Data for spot Ethereum ETFs. Source: Sosovalue
Meanwhile, XRP ETF funds have recorded weekly inflows, with $5.83 million in outflows on Thursday, while net assets under management stayed at $1.04 billion, with total cumulative inflows of $1.29 billion.
Data for spot XRP ETFs. Source: Sosovalue
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