Bitcoin, Ethereum and XRP ETFs Bounce Back After Brutal Month for Crypto Funds
Analysis
Price Impact
MedWhile significant inflows into bitcoin, ethereum, and xrp etfs last week indicated renewed institutional interest and positive sentiment, the market immediately reversed course, with bitcoin falling over 7% and altcoins experiencing deeper losses, suggesting that fundamental factors for a sustained rally are not yet in place.
Trustworthiness
HighThe data is sourced from coinshares, a reputable analytics firm, and reported by decrypt, a well-known crypto news outlet. the figures for inflows and outflows are specific and detailed.
Price Direction
BearishDespite a brief rebound and substantial etf inflows last week, the market sentiment has soured at the start of the new week. bitcoin's inability to hold above $90,000 and the subsequent sharp drop to around $84,917, alongside deeper losses for other major cryptocurrencies, points to strong selling pressure and short-term bearish momentum.
Time Effect
ShortThe positive effect of the etf inflows and fomc comments was short-lived, providing a temporary bounce that quickly dissipated. the market's immediate reversal into a downturn suggests that these events did not establish a lasting bullish trend.
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Article Content:
In brief Crypto exchange-traded products added more than $1 billion last week, led by Bitcoin, Ethereum, and XRP ETFs. The upswing came after a rough month for funds, following four weeks of outflows totaling $5.7 billion. Bitcoin stabilized above $90,000 late last week, but has fallen again to start the new week. Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENE Is the bloodshed over for crypto markets? Not quite, given that Bitcoin , Ethereum , and other major coins are all deep in the red to start the new week—but at least crypto funds finished November strong, putting up positive flows last week to break a recent losing streak. Digital asset exchange-traded products experienced a significant reversal with $1.07 billion in inflows last week, according to data from CoinShares , following four consecutive weeks of substantial outflows totaling $5.7 billion. Bitcoin ETFs attracted $464 million in inflows last week, while Ethereum funds saw $309 million and XRP recorded its largest weekly inflows ever at $289 million. XRP's recent six-week inflow streak represents 29% of its assets under management, likely linked to new US ETF launches. Conversely, Cardano experienced outflows of $19.3 million, representing 23% of its total assets held in crypto funds. The United States dominated inflows with $994 million, while Canada contributed $97.6 million and Switzerland added $23.6 million. Germany was a notable outlier with outflows of $57.3 million. Trading volumes remained subdued at $24 billion due to the Thanksgiving holiday, contrasting sharply with the previous week's record $56 billion. The price of Bitcoin rebounded last week, rising above $90,000 ahead of the holiday and holding that level through much of the weekend. The improved market sentiment last week was driven in part by comments from FOMC member John Williams regarding restrictive monetary policy, CoinShares said, raising expectations for a potential interest rate cut in December. But the renewed optimism in crypto markets didn’t last into the new week, with prices plunging late Sunday as losses accelerated overnight. Bitcoin was recently priced at $84,917, showing a 7% drop over the last day, while assets like Ethereum, XRP, Solana , and Dogecoin are all showing deeper daily losses. Daily Debrief Newsletter Start every day with the top news stories right now, plus original features, a podcast, videos and more. Your Email Get it! Get it!