A General Outlook on the #ETF Landscape
Outflows have been the main theme in the ETF space over the past 30 days.However, as of April 15th, outflows appear to have eased slightly. The largest wave of exits was seen recently on April 8th. Compared to that, today’s numbers show a more balanced picture.
• $6M outflow from Ethereum ETFs
• $516K outflow from Bitcoin ETFs
Looking at the bigger picture:
• U.S. Spot #Bitcoin ETFs have seen $35.36 billion in net inflows so far, with BTC price rising 86.5% during this period.
• Ethereum’s performance has been weaker despite $2.27 billion in net inflows, the price has dropped by 52%.
Meanwhile, a new trend is emerging with ETF filings:
$XRP leads with 10 applications. Solana follows with 5. Based on this, it seems likely that XRP may receive a spot ETF approval before $DOGE or SOL.
According to Kaiko data, XRP has now surpassed SOLANA in 1% market depth and nearly doubled ADA’s liquidity. That level of depth and liquidity is exactly what institutional investors look for.
All eyes are now on the approval process…