- The resurgence of institutional demand has led to a rally in Bitcoin, Ethereum, and Ripple.
Interest from institutions in spot Bitcoin ETFs is rebounding, with total inflows reaching approximately $258 million on Tuesday. The Fidelity Bitcoin ETF (FBTC ETF) leads the list with inflows of around $83 million, followed by BlackRock's iBIT ETF with $79 million, and 21Shares' ARKB ETF with $71 million.
Total inflows amount to $54 billion, while net assets stand at $81 billion. Continued inflows are expected to boost investor confidence in Bitcoin as risk appetite improves.
Bitcoin ETF Inflows | Source: SoSoValue
Ethereum ETFs listed in the United States saw a slight increase in investor interest, recording modest net cash inflows of about $9 million on Tuesday. The Grayscale ETH ETF captured the entire $11 million in net inflows, while Fidelity's FETH was the only product to experience outflows of $1.9 million. Total net cash inflows amounted to $11.48 million, with an average net asset value of $10.47 billion.
Ethereum ETF Inflows | Source: SoSoValue
Meanwhile, Ripple (XRP) ETFs recorded cash inflows of approximately $3 million on Tuesday, after two days of limited activity. No inflows were recorded on Monday and Friday, with total current cash inflows at $1.23 billion and net assets at $981 million.
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Before00zero
· 11h ago
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are experiencing a significant rise at the time of writing this report on Wednesday, amid ongoing market stagnation. The price of Bitcoin, the king of digital currencies, has increased by more than 2% during the trading session, surpassing $65,000, after opening at $64,058. Bitcoin had tested the support level at $62,500 on Tuesday.
- The resurgence of institutional demand has led to a rally in Bitcoin, Ethereum, and Ripple.
Interest from institutions in spot Bitcoin ETFs is rebounding, with total inflows reaching approximately $258 million on Tuesday. The Fidelity Bitcoin ETF (FBTC ETF) leads the list with inflows of around $83 million, followed by BlackRock's iBIT ETF with $79 million, and 21Shares' ARKB ETF with $71 million.
Total inflows amount to $54 billion, while net assets stand at $81 billion. Continued inflows are expected to boost investor confidence in Bitcoin as risk appetite improves.
Bitcoin ETF Inflows | Source: SoSoValue
Ethereum ETFs listed in the United States saw a slight increase in investor interest, recording modest net cash inflows of about $9 million on Tuesday. The Grayscale ETH ETF captured the entire $11 million in net inflows, while Fidelity's FETH was the only product to experience outflows of $1.9 million. Total net cash inflows amounted to $11.48 million, with an average net asset value of $10.47 billion.
Ethereum ETF Inflows | Source: SoSoValue
Meanwhile, Ripple (XRP) ETFs recorded cash inflows of approximately $3 million on Tuesday, after two days of limited activity. No inflows were recorded on Monday and Friday, with total current cash inflows at $1.23 billion and net assets at $981 million.
XRP and Ethereum ETF Inflows | Source: SoSoValue