Bitcoin, XRP drive $644 million inflows, ending 5 weeks crypto ETP outflow streak
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Crypto exchange-traded products (ETPs) ended a five-week outflow streak with substantial $644 million inflows, driven primarily by Bitcoin and XRP. US-listed Bitcoin ETFs, including BlackRock's IBIT and Fidelity's FBTC, attracted significant capital. The trend signals improving investor sentiment in the digital asset sector.
March 24, 2025 | 11:00 am
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POSITIVE IMPACT
BlackRock's iShares Bitcoin Trust (IBIT) led crypto ETP inflows with $464 million, indicating strong institutional interest in Bitcoin.
Significant inflows suggest increasing institutional investor confidence in Bitcoin and the ETF, likely to positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
XRP saw $6.7 million in ETP inflows following the SEC's decision to drop its lawsuit against Ripple Labs, indicating renewed investor optimism.
The resolution of the SEC lawsuit and positive inflows suggest potential short-term price appreciation for XRP.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80