Bitcoin Rally Loses Steam Despite Strong ETF Inflows

The rally of Bitcoin, Ethereum, and XRP is losing steam as their prices decline. Despite this, institutional interest in digital assets remains high, suggesting a possible shift from a bearish to a broader bullish trend.

Crypto Finance AG noted that while the market has shown little inclination to unwind recent gains, pullbacks have been contained, and ETF inflows remain strong. In fact, Bitcoin spot Exchange-Traded Funds (ETFs) recorded $1.13 billion in inflows through Thursday, with cumulative inflows rising to $55 billion.

Ethereum spot ETFs also saw a second consecutive week of inflows, totaling $722 million through Thursday. XRP spot ETFs marked their eighth straight day of inflows, pushing weekly inflows to $84 million.