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- The cryptocurrency market is recovering as demand for exchange-traded funds increases.
Bitcoin ETF funds continued their upward trend for the fourth consecutive day, attracting approximately $467 million in inflows on Tuesday, slightly down from $532 million in deposits on Monday.
Data from SoSoValue indicates that total inflows reached $59.72 billion, with an average net assets under management of $108.98 billion.
The rise in investment activity coincides with rising prices and improved market sentiment, highlighting institutional and individual confidence in Bitcoin's upward trajectory.
Bitcoin ETF inflows | Source: SoSoValue
Similarly, Ethereum spot ETF funds experienced inflows for the third consecutive day, totaling around $98 million on Tuesday, up from $61 million the previous day.
Total inflows now amount to $12.17 billion, while net assets under management stand at $14.15 billion.
Ethereum ETF inflows | Source: SoSoValue
Meanwhile, momentum around XRP spot ETFs is increasing after the sharp market volatility last week.
US-listed XRP ETFs saw their value rise to $11.28 million on Tuesday, compared to $3.87 million on Monday.
Total inflows currently stand at $1.31 billion, with net assets under management at $1.09 billion.
The renewed interest indicates a cautiously optimistic stance among investors, as market participants reassess XRP's potential amid the broader cryptocurrency market, which tends to be neutral or bullish.
XRP ETF inflows | Source: SoSoValue
$BTC
$ETH
$XRP