While current price charts indicate deteriorated optimism in crypto, the December 10 session confirmed staggering institutional appetite.
Notably, investors poured substantial funds into all leading crypto ETFs on Wednesday.
Bitcoin, Ethereum, XRP, and Solana attracted massive inflows as demand skyrocketed ahead of the much-anticipated December 10 Federal Reserve meeting.
Bitcoin ETFs in the spotlight
US Bitcoin exchange-traded funds dominated yesterday’s flows with $223.5 million, according to SoSoValue.
That marks a sharp revival of enthusiasm, especially after it attracted $151 million the previous day.
The figures indicate a strong institutional appetite as large-scale investors bet on potential recoveries even as crypto navigates the usual December uncertainty.
Meanwhile, BlackRock’s spot BTC ETF, IBIT, once again proved its sector’s dominance.
The fund drew $193 million in inflows, accounting for the largest amount of funds that entered Bitcoin ETFs on Wednesday.
That demonstrated long-term conviction as investors wait for a clearer market trajectory. Investors are likely dip-buying amidst the prevailing price declines.
BTC is trading at $90,290 after losing over 2% the past 24 hours.
Ethereum quietly builds momentum
Also, Ethereum funds performed well on December 10, extending their winning streak to three days with $57.6 million ETF inflows.
The consistency indicates revived investor optimism even as the ETH price underperforms.
Such trends confirm the belief that Ethereum is a core crypto asset in the saturated cryptocurrency industry, kept elevated by its unique role in tokenization experiments, DeFi, and enterprise-grade blockchain pilot.
ETH price lost nearly 4% the past 24 hours after consolidating in most of the previous week’s sessions.
XRP and Solana ETFs see steady support
New altcoin exchange-traded funds have thrived in recent sessions. Beyond Bitcoin and Ethereum, Solana and XRP ETFs displayed positive flows on December 10.
XRP has seen inflows since deputing on November 13.
The ETFs pulled $10.20 million yesterday, with its total net inflows now at $954 million.
That impressive performance demonstrated XRP’s loyal community of retail and institutional supporters.
Solana ETFs brought $4.85 million in inflows on December 10, pushing its cumulative net inflow to $661.46 million.
The fund has attracted positive flows since December 4, reflecting Solana’s institutional appeal.
Indeed, the project has established itself as a developer-friendly, fast, and scalable blockchain, and its growing relevance in payments, innovative dApps, and gaming likely magnifies its reputation as a leading cryptocurrency platform.
Altogether, yesterday’s ETF inflows emphasized confidence slowly creeping back, despite unpredictable crypto prices.
The massive inflows into the top exchange-traded funds signal revived optimism and a shift away from defensive positioning.
The post Crypto ETF demand returns: BTC attracts $224M as ETH, SOL, XRP funds log inflows appeared first on Invezz
