Bitcoin and XRP lead capital flows into exchange-traded funds, while Ethereum lags behind.

Bitcoin saw a resurgence of institutional interest on Thursday, with total inflows into spot ETFs reaching approximately $131 million.

This ended a two-day decline, with total outflows of $233 million on Tuesday and $635 million on Wednesday. Data from SoSoValue indicates that total inflows amount to $58.63 billion, while the average net assets under management are $107.75 billion.

Bitcoin ETF inflows | Source: SoSoValue

Spot XRP ETFs experienced a significant improvement, attracting nearly $19 million in cash flows on Thursday after weak activity the previous day. Cumulative cash flows slightly increased to $1.37 billion, compared to $1.36 billion the day before. Total assets under management reached a four-month high of $1.25 billion, confirming growing institutional appetite for risk.

XRP ETF inflows | Source: SoSoValue

Meanwhile, spot Ethereum ETFs declined compared to Bitcoin and Ripple, with a shift toward a downward trend, recording outflows of nearly $6 million on Thursday. Data from SoSoValue shows Ethereum experienced four consecutive days of outflows, with total inflows reaching $11.90 billion and net assets under management at $13.45 billion.

Ethereum ETF inflows | Source: SoSoValue

The value of open positions in Ethereum perpetual futures contracts decreased to $32.78 billion on Thursday, a significant drop from $34.82 billion the previous day. This trend confirms a decline in traders’ confidence in Ethereum’s recovery prospects, as participants remain hesitant to open new positions. The ongoing decline in open interest increases downside risks for Ethereum, potentially paving the way for a retest of the $2,000 demand zone.

Open interest data for Ethereum futures contracts | Source: CoinGlass