Bitcoin price (BTC) remains above its short-term support level at $93,000 at the time of writing on Thursday. The rebound from Monday’s low of $83,822 has eased the impact of institutional volatility. However, the long-awaited breakout above the $100,000 level may face challenges, particularly due to decreased retail demand.

- Data in the Spotlight: Stability of Bitcoin, Ethereum, and XRP Indicates Easing Selling Pressure:

Bitcoin exchange-traded funds ((ETFs)) operating in the United States recorded outflows of about $15 million on Wednesday, breaking a five-day streak of consecutive inflows.

BlackRock’s IBIT was the only ETF to see inflows, with nearly $42 million flowing in. The ARKB fund by 21Shares was the worst-performing ETF with outflows totaling $37 million, according to data from SoSoValue.

Bitcoin ETF Statistics | Source: SoSoValue

Spot Ethereum ETFs saw inflows of $140 million on Wednesday, after recording outflows for two consecutive days. On Tuesday, total outflows were $10 million, while Monday saw $79 million in outflows. The average cumulative net inflow is $13 billion, with net assets of $19.7 billion as of December 3.

Ethereum ETF Statistics | Source: SoSoValue

On the other hand, XRP continues to achieve steady inflows from exchange-traded products, indicating a potential shift in investor interest toward altcoin-based investment products. As shown in the chart below, US-listed XRP ETFs recorded inflows of about $50 million on Wednesday, continuing their 13-day winning streak. So far, total inflows for XRP ETFs have reached $874 million, with net assets amounting to $906 million.

XRP ETF Statistics.
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