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Data in the spotlight: Selective demand for exchange-traded funds maintains incoming XRP flows while BTC and ETH experience outgoing flows.
On the other hand, the exchange-traded funds for XRP continue to achieve outstanding performance with steady positive inflows. The total daily inflows to the five XRP exchange-traded fund products in the United States reached approximately $13 million on Friday. The total cumulative inflows to the XRP exchange-traded funds stand at $1.07 billion, with an average net asset of $1.21 billion.
XRP Fund Trading Statistics | Source: SoSoValue
Bitcoin continues to face a noticeable decline in institutional interest, with a decrease in demand for spot exchange-traded funds (ETFs). Bitcoin exchange-traded funds listed in the United States recorded outflows of approximately $158 million on Friday.
The cumulative net inflows reached $57.41 billion, while the net assets amounted to approximately $114.87 billion, according to SoSoValue data. If the outflows continue, market sentiment may deteriorate further, limiting price increases to below $100,000.
Bitcoin ETF Statistics | Source: SoSoValue
Ethereum exchange-traded funds witnessed outflows of approximately $76 million on Friday. Ethereum outflows have continued for seven consecutive days, reflecting the prevailing pessimism in the cryptocurrency market. The cumulative net inflows amounted to $12.44 billion, while the net asset value reached $18.21 billion.
Ethereum ETF Statistics | Source: SoSoValue