- Institutional demand retreats amid outflows from exchange-traded funds:

Bitcoin ETF (ETFs) experienced outflows of $278 million on Thursday, ending five consecutive days of inflows, according to SoSoValue data. Despite this decline, total inflows reached $59.49 billion, with an average net asset value of $106.77 billion.

Bitcoin ETF inflows | Source: SoSoValue

Market sentiment has generally declined, with the cryptocurrency fear and greed index at 38 points in the fear zone at the time of writing, down from 47 points in the neutral zone the previous day. If risk aversion continues, capital fleeing ETFs and derivatives could pressure Bitcoin, limiting its potential for recovery.

Fear and greed in the crypto world | Source: Alternative

Spot Ethereum ETFs saw a decrease in outflows of $104 million on Thursday, after four days of consecutive inflows. The current average cumulative inflow is $12.08 billion, while assets under management amount to $13.60 billion.

Ethereum ETF inflows | Source: SoSoValue

Meanwhile, spot XRP ETFs saw no inflows on Thursday, indicating continued investor caution amid price volatility. However, total inflows amounted to $1.32 billion, with net assets under management at $1.08 billion.

XRP ETF inflows | Source: SoSoValue
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