Crypto ETFs Maintain Recovery with Strong Inflows Across Major Assets

Crypto ETFs maintained their upward momentum yesterday, with another day of net inflows across all major assets. The recovery is becoming increasingly defined, with Bitcoin and Ether leading the charge.

Bitcoin's dominance in the crypto market is reflected in its ETFs, which added $26.05 million to their net assets. This brings the total to three consecutive days of inflows, totaling $623 million. Blackrock's IBIT led the way with $81.71 million in new capital, while Grayscale's Bitcoin Mini Trust and Morgan Stanley's MSBT also contributed significantly.

Ether ETFs extended their own streak, marking six consecutive days of net inflows worth $18.02 million. Blackrock's ETHA led the way, supported by Grayscale's Ether Mini Trust, but with some offsetting outflows from other funds.

The trend is becoming clearer in smaller assets such as $XRP and Solana, which recorded solid gains of $11.87 million and $15.50 million respectively. This suggests a broader market demand that may continue to drive the trend forward.