- Weakness in Institutional Interest in Bitcoin, Ethereum, and XRP Under the Microscope:

Bitcoin, Ethereum, and XRP still face low or declining institutional interest, as evidenced by the performance of spot exchange-traded funds (ETFs) (ETFs) over the past few weeks.

According to SoSoValue data, Bitcoin ETFs are expected to record four consecutive weeks of outflows (awaiting Friday’s data), which will raise total inflows to $54.31 billion and net assets under management to $82.86 billion. Investors withdrew nearly $410 million from U.S.-listed spot Bitcoin ETFs on Thursday.

This decline is undermining risk appetite, indicating that investors are rebalancing their portfolios and reducing exposure to high-risk assets.

Bitcoin ETF Flows | Source | SoSoValue

Ethereum also experienced outflows on Thursday, with investors withdrawing just over $113 million from spot ETFs. This marks the second consecutive day of outflows, after Wednesday saw inflows of $129 million. Total inflows currently stand at $11.64 billion, while net assets amount to $10.97 billion.

Ethereum ETF Flows | Source: SoSoValue

Meanwhile, sentiment towards XRP has worsened further, with outflows of about $6.4 million on Thursday after weak inflows on Wednesday. Despite Thursday’s outflows, total inflows amount to $1.22 billion, with net assets at $971 million.

In contrast, XRP ETFs have maintained steady inflows over the past few months, unlike Bitcoin and Ethereum, confirming investors’ skewed interest towards some alternative coins.

XRP ETF Flows | Source: SoSoValue