- Crypto market sentiment fell amid capital outflows.


Sentiment in the broader cryptocurrency market is fading, as shown by the Fear and Greed Index dropping to 42 on Wednesday in the fear zone, from 49 in the neutral zone the previous day.

Cryptocurrency Fear and Greed Index | Source: Alternative

Bitcoin spot Exchange-Traded Funds (ETFs) saw outflows totaling $233 million on Tuesday, in line with a pullback in risk appetite. While cumulative inflows remained relatively stable at $59.13 billion, average assets under management reached $107.31 billion despite the outflows.

Bitcoin ETF inflows | Source: SoSoValue

Spot Ethereum ETFs recorded outflows for two consecutive days, totaling $131 million on Tuesday and $17 million on Monday, according to SoSoValue data. This points to a decline in investor sentiment, who are still cautiously optimistic. At the same time, total inflows amounted to $11.94 billion, while net assets were $13.39 billion.

Ethereum ETF inflows | Source: SoSoValue

Turning to XRP, US-listed spot ETF funds logged modest cash inflows of about $5 million on Tuesday, exceeding general market expectations, which was a notable drop from Monday’s inflows of around $26 million. The average cumulative cash inflow was $1.36 billion, up from $1.35 billion the previous day. Net assets under management are currently $1.16 billion.

XRP ETF inflows | Source: SoSoValue
$BTC
$ETH
$XRP
BTC-1.47%
ETH-1.12%
XRP-0.9%
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KhalidElFechtali
· 3h ago
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