Bitcoin ETFs Pull in $352 Million to Extend Rebound While XRP Funds Remain Hot

Core Insights - Bitcoin ETFs attracted $352 million last week, representing approximately 50% of total crypto fund inflows, with XRP funds following closely behind [1][3] - Short-Bitcoin products experienced outflows of $18.7 million, indicating a potential bottom in negative sentiment among ETP investors [2] - Total crypto fund inflows for the week reached $716 million, with XRP funds contributing $244 million and Ethereum funds adding $39 million [3] Market Trends - Bitcoin's trading price was $90,259, reflecting a 1% increase in the past day and a 6.6% rise over the past week [2] - Total assets under management in the ETF sector have increased by 7.9% from November lows to $180 billion, although still below the all-time high of $264 billion [4] - Recent macroeconomic data indicated ongoing inflationary pressures, with the PCE index showing a year-over-year increase of 2.8% in September, slightly down from August's 2.9% [4] Investor Sentiment - The introduction of a new leveraged ETF for XRP coincided with its significant inflows, suggesting positive investor sentiment towards XRP [3] - Users on the Myriad prediction market platform anticipate a 94% chance of a 25 basis point cut by the Federal Open Market Committee [5]