Crypto on Edge: Bitcoin ETF Inflows Soar Toward $50B but Prices Stumble

Despite recent price declines, Bitcoin continues to attract significant institutional investment, particularly through spot Exchange Traded Funds. According to SoSoValue, Bitcoin spot ETFs listed in the United States have seen inflows of approximately $50 billion.  This is a solid indication that Wall Street is still bullish on Bitcoin.   BlackRock’s iShares Bitcoin Trust (IBIT) is currently making more money every year than the company’s well-known S&P 500 ETF.  This demonstrates that more people desire to invest in cryptocurrencies through traditional finance. Fidelity’s FBTC also raised more than $237 million in one day, demonstrating that Bitcoin is a great long-term asset.

Ethereum is attempting to Gain Momentum

Ethereum, on the other hand, is struggling to re-establish itself over $3,000, despite tiny ETF inflows.   With a net influx of $4.4 billion, ETH appears to be doing well, but the market is not very upbeat, and the RSI readings are falling, so be cautious.   If demand increases around key support levels such as the 200-day EMA near $2,471, Ethereum may be able to launch another upward surge. The MACD is still in the buy zone, which is good news for technical traders following the trend.

XRP is facing issues with its Technology.

Ripple’s recent efforts to strengthen the XRPL’s stablecoin infrastructure have not yet had an impact on prices. XRP is continuing trading below an important barrier and is testing support at the 100-day EMA.   Even though Ripple is extending its product offerings, institutional sentiment remains low. To shift trajectory, XRP requires a decisive breach over $2.65 as well as a stronger risk appetite in the market.

Also read: XRP Price Outlook: Will Spot ETF Approval and XRPL EVM Sidechain Spark a Rebound?