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- Funds flows into (ETFs) for Bitcoin, Ethereum, and XRP are increasing amid renewed investor interest:
It appears that institutional investors have regained their interest in crypto assets, as reflected in capital flows into (ETFs) for spot Bitcoin listed in the United States, which totaled about $186 million on Wednesday. Despite geopolitical tensions in the Middle East, optimism about the possibility of a second round of peace talks between the United States and Iran is attracting investors beyond the wait-and-see crowd.
Total net inflows currently stand at $57.05 billion, with an average net assets under management of $97.57 billion. If net inflows into spot ETFs continue amid rising risk appetite, prices may gradually move higher as the price of Bitcoin approaches the psychological level of $80,000.
Bitcoin ETF inflows | Source: SoSoValue
Ethereum recorded similar cash flows of about $68 million on Wednesday, strengthening its uptrend for the fifth consecutive day. Renewed investor risk appetite lifted the average cumulative inflows into Ethereum spot ETFs to $11.80 billion, while net assets under management currently stand at $13.79 billion.
If ETF inflows remain strong throughout the week, market sentiment toward Ethereum is likely to strengthen, which could lead to a more sustainable recovery in Ethereum’s price.
Ethereum ETF inflows | Source: SoSoValue
Meanwhile, demand for XRP spot ETFs continues to track demand for Bitcoin and Ethereum, as evidenced by strong cash flows of $17 million on Wednesday, up from about $11 million the previous day. Total cash flows amount to $1.25 billion, and net assets under management are $1.02 billion, confirming growing interest in XRP and related investment products.
XRP and Ethereum ETF inflows | Source: SoSoValue
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$ETH
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