- Data in the Spotlight: Bitcoin Eyes the Next Recovery Phase Thanks to Moderate ETF Inflows:

Bitcoin exchange-traded funds (ETFs) saw inflows for the fifth consecutive day on Tuesday. Data from SoSoValue shows that US-listed Bitcoin ETFs (ETFs) recorded inflows of around $59 million, bringing the total inflows to approximately $58 billion, with an average net asset value of $120 billion.

Bitcoin ETF Statistics | Source: SoSoValue

Despite the moderate and steady ETF (ETFs) inflows, retail interest in Bitcoin remains noticeably low. Data from CoinGlass indicates that the open interest (OI) in Bitcoin futures amounted to $59 billion on Wednesday, down 34% from about $90 billion on October 10. This steady increase in open interest (OI) is an indicator of retail interest and confidence, which plays a key role in sustaining price rallies.

Bitcoin Open Interest | Source: CoinGlass

Institutional demand for Ethereum declined on Monday, as US-listed ETFs posted outflows of $79 million. The downward trend continued into Tuesday, reflected by outflows of nearly $10 million. The cumulative net inflows stand at $12.86 billion, with net assets of $18.66 billion.

Ethereum ETF Statistics | Source: SoSoValue

On the other hand, XRP continues to see steady inflows from ETFs, indicating a potential shift in investor interest toward altcoin-based investment products. As shown in the chart below, US-listed XRP ETFs recorded inflows of about $68 million on Tuesday, continuing a 12-day streak of gains. So far, total inflows into XRP ETFs amount to $824 million, with net assets of $845 million.

XRP ETF Statistics.