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This week kicked off on a positive note for Bitcoin ETFs, as institutional investors are making a strong comeback. On Monday, Bitcoin ETFs recorded over $380 million in net inflows, marking their largest single-day inflow since January 30.

The spike in capital inflow signals a renewed wave of institutional confidence in the leading coin, following an extended period of subdued activity in the ETF market.

Bitcoin ETFs Record Strong $381 Million Inflows

On Monday, net inflows in BTC ETFs totaled $381.40 million. The last time Bitcoin ETFs saw such a substantial injection of funds in a single day was nearly 13 weeks ago, making this latest surge notable.

The influx of capital reflects a resurgence in bullish bias among institutional investors toward BTC, at a time when broader sentiment has remained relatively cautious.

Yesterday, Ark Invest and 21Shares’ ETF ARKB recorded the largest daily net inflow, totaling $116.13 million, bringing its total cumulative net inflows to $2.60 billion.

Fidelity’s ETF FBTC came in second place with a net inflow of $87.61 million. The ETF’s total historical net inflows now stand at $11.37 billion.

Investor Confidence Rises

BTC has recorded a modest 1% gain over the past 24 hours. This price surge has prompted an uptick in the count of new open contracts in the coin’s futures market, reflected by its rising futures open interest. At press time, this is at $58.46 billion, climbing 5% over the past day. 

An asset’s open interest measures its total number of outstanding derivative contracts, such as futures or options that have not been settled or closed. 

When BTC’s open interest rises along with its price, it indicates that more traders are entering the market, either opening new long or short positions. This is a bullish signal confirming growing investor interest in the king coin. 

Further, BTC’s funding rate is positive at press time, highlighting the market’s confidence in its future price performance. This currently stands at 0.0068%.

When an asset’s funding rate is positive like this, long traders pay short traders. This means that more traders are betting on BTC’s going up, reflecting bullish market sentiment.

Moreover, today’s high demand for calls in the BTC options market supports this bullish outlook. According to Deribit, BTC’s put-to-call ratio is currently at 0.71.

This indicates that more call options are traded than puts, suggesting a bullish bias among options traders. This low ratio reflects growing investor confidence and expectations of upward price movement.

The post Bitcoin ETFs See Biggest Net Inflows in 3 Months | ETF News appeared first on BeInCrypto.

Since plunging to its year-to-date low of $1.61 on April 7, XRP holders have taken full advantage of the dip, ramping up accumulation efforts. This buying pressure has steadily increased the asset’s value over the past week. 

At press time, XRP trades at a seven-day high of $2.19 and technical indicators show that it’s positioned to extend the gains.

XRP Golden Cross Drives Bullish Momentum

On the daily chart, a golden cross has formed on XRP’s Moving Average Convergence Divergence (MACD) indicator, which is often viewed as a key signal of a shift toward long-term upside. 

The MACD indicator measures an asset’s price trends and momentum, and identifies reversal points. It forms a golden cross when its MACD line (blue) crosses above its signal line (orange). 

When a golden cross emerges like this, it signals a positive shift in investor sentiment. Traders interpret it as a cue that buying pressure outpaces selling activity, which can attract even more inflows and drive the price higher.

For XRP, this golden cross occurred on April 11, reinforcing the growing bullish sentiment surrounding the asset. This pattern confirms that the altcoin’s recent price rebound is not just a short-lived reaction but may mark the beginning of a more sustained uptrend.

Further, the token’s positive Chaikin Money Flow (CMF) supports this bullish outlook. At press time, it rests above the center line and in an uptrend at 0.07.

The CMF indicator measures how money flows into and out of an asset. A positive CMF reading, as with XRP, means buying pressure is stronger than selling pressure over a given period. It suggests capital is flowing into the token, signaling accumulation and potential price growth.

XRP Maintains Uptrend—Next Stop: $2.50 or Back to $1.99?

Since its rally began on April 7, XRP has traded above an ascending trend line. This bullish pattern emerges when an asset forms higher lows over time, creating an upward-sloping support line.

It signals sustained buying interest in XRP and suggests that momentum is building in favor of the bulls as the token’s price continues to climb.

If demand soars, XRP could extend its gains and climb to $2.29. A successful flip of this resistance into a support floor could propel XRP to $2.50.

However, if profit-taking resumes and selling pressure rises, XRP could reverse its uptrend and fall to $1.99.

The post XRP Surges to Weekly High as Demand Spikes and Bulls Take Charge appeared first on BeInCrypto.