- Decline in institutional demand 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 weakened, with the fear and greed index in cryptocurrencies 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 sentiment persists, capital fleeing from ETFs and derivatives could put downward pressure on Bitcoin, limiting its recovery potential.
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 inflows. The current average cumulative inflows are $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: #Q
XRP3.17%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin