- Bitcoin, Ethereum, and XRP prices rise amid renewed risk appetite.


Cash flows into spot Bitcoin ETFs increased to approximately $507 million on Wednesday, up from $258 million on Tuesday. The BlackRock-backed IBIT fund led the most inflows with $297 million, followed by Grayscale's GBTC fund with $102 million. Total cash flows currently stand at $54.57 billion, while the average total assets under management are $867.6 billion.
Steady inflows into ETFs contribute to positive sentiment, encouraging investors to increase their exposure with expectations of steady price rises.
Bitcoin ETF Cash Flows | Source: SoSoValue
Spot Ethereum ETFs recorded cash inflows of $157 million on Wednesday, up from about $9 million the previous day. Fidelity’s FETH fund attracted nearly $62 million in inflows, followed by Grayscale’s ETHE fund and BlackRock’s ETHA fund with approximately $34 million and $31 million respectively.
Ethereum ETF Cash Flows | Source: SoSoValue
Meanwhile, XRP saw modest cash flows into ETFs totaling $3.09 million on Wednesday, a slight increase from $3.04 million the day before. Cumulative inflows rose to $1.24 billion, pushing total assets under management to over a billion dollars.
XRP ETF Cash Flows | Source: SoSoValue
XRP-4.5%
BTC-1.92%
ETH-4.27%
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