Crypto Today: Bitcoin, Ethereum, XRP bulls regain strength amid steady capital inflows

Appetite for digital asset investment products has continued to grow since early last week, aligning with improving market sentiment. According to the Fear & Greed Index, market sentiment holds in the Greed territory at 71 on Thursday, up from 65 the day before. This affirms the broader bullish outlook, as evidenced by steady capital inflows into spot Exchange-Traded Funds (ETFs).

Bitcoin spot ETFs are extending a notable bullish streak, with inflows averaging $232 million on Wednesday. Last week’s inflows surged to $1.92 billion, the strongest since October, underscoring an institutional investor comeback following months of uncertainty and price doldrums. This week’s cumulative inflows stand at $884 million through Wednesday, reinforcing growing risk appetite.

Ethereum continues to attract bullish interest, underpinned by consistent spot ETF inflows. Data from SoSoValue shows that US-listed ETFs drew $192 million in inflows on Wednesday, up from $180 million the previous day. Sustained risk-on appetite could offset profit-taking pressure and significantly increase the odds of a breakout above $2,600.

XRP spot ETFs continue to gain momentum, with inflows surging to $28 million on Wednesday, up from $24 million the previous day. This pushed cumulative inflows to $1.62 billion. Meanwhile, total assets under management average $1.40 billion.