- Bitcoin and Ethereum saw outflows, while XRP exchange-traded funds recorded inflows.

Bitcoin exchange-traded funds (ETFs) recorded outflows for the fifth consecutive day, totaling $101 million on Thursday, increasing pressure on the fragile recovery from the support level recorded earlier in the week at about $76,000. Total inflows amounted to $57.19 billion, slightly down from $57.29 billion the previous day, while net assets fell to $101.06 billion from $101.12 billion during the same period.

If outflows continue, Bitcoin may remain exposed to strong headwinds, and losses are likely to extend toward the $70,000 demand zone.

Bitcoin ETF inflows | Source: SoSoValue

Spot Ethereum ETFs continued to counter the challenges facing the crypto market, recording outflows for the ninth consecutive day on Thursday, as institutions withdrew nearly $33 million. Despite these outflows, cumulative inflows remain positive at $11.62 billion, while the average assets under management (AUM) are $12.21 billion.

Ethereum ETF inflows | Source: SoSoValue

On the other hand, spot XRP ETFs saw notable demand, with inflows rising to $8.88 million on Thursday, compared with $1.45 million the previous day. SoSoValue data shows that the XRP ETFs listed in the United States recorded no outflows during May, bringing total inflows to $1.39 billion, while average assets under management (AUM) are $1.15 billion.

XRP ETF inflows | Source: SoSoValue
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