- Bitcoin, Ethereum, and XRP Recovery at Risk Amid Outflows from ETFs:

Bitcoin's price remains steady at the upper end of the $60,000 range, although its upward movement appears limited due to selling pressure around the $70,000 mark. The ETF market (ETFs) reflects a prevailing stagnation, with capital withdrawals continuing for the second consecutive day.

Bitcoin spot ETF funds saw nearly $133 million in outflows on Wednesday, according to SoSoValue data.

Looking at the broader picture, total assets peaked at $170 billion in October, then gradually declined to $83.63 billion, indicating a decrease in risk appetite. Total inflows amount to approximately $54.1 billion. This ongoing decline negatively impacts investor sentiment, making it harder for Bitcoin to maintain its upward trend.

Bitcoin ETF inflows | Source: SoSoValue

Ethereum spot ETFs face similar challenges to Bitcoin, suggesting that investors are continuously rebalancing their portfolios. The leading altcoin experienced total outflows of about $42 million on Wednesday, bringing total inflows to $11.65 billion. Meanwhile, average assets under management stand at $11.12 billion, well below the record high of $25.71 billion set in August.

Ethereum ETF inflows | Source: SoSoValue

Meanwhile, withdrawals from XRP spot ETFs resumed on Wednesday at around $2.2 million, after weak activity on Tuesday. Cumulative cash inflows remain at $1.23 billion, while net assets under management decreased to $1.02 billion from $1.06 billion on Tuesday.

In line with Bitcoin and Ethereum, total assets in XRP-related ETFs have sharply declined from a record $1.65 billion on January 5, indicating that interest in risky assets continues to deteriorate.

XRP ETF inflows | Source: SoSoValue