Institutional Investors Drive Bitcoin ETF Recovery Amid Mixed Trading Week

The crypto market has experienced a tumultuous few days, but one clear trend emerged: institutional investors are driving the recovery in Bitcoin ETFs.

According to recent data, Blackrock's IBIT was once again at the forefront of inflows, attracting $144.10 million in fresh capital. This reinforced its position as the market's primary institutional vehicle.

Other funds also saw significant gains, including Bitwise's BITB and Grayscale's Bitcoin Mini Trust, which recorded inflows of $17.70 million and $12.60 million respectively.

However, not all asset classes fared equally well. Ether ETFs continued to struggle, with net outflows of $5.65 million extending their losing streak to four straight sessions.

In contrast, XRP ETFs resumed their upward momentum with $18.25 million in net inflows, led by Bitwise's XRP fund and Franklin's XRPZ.