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⛓️ Crypto🟒 BullishImportance 6/10

Bitcoin ETFs add $251M as Goldman Sachs tops XRP ETF holders

CoinTelegraph|Cointelegraph by Helen Partz|
Bitcoin ETFs add $251M as Goldman Sachs tops XRP ETF holders
Image via CoinTelegraph
πŸ€–AI Summary

US spot Bitcoin ETFs saw $251 million in daily inflows, bringing March total inflows to $1.56 billion as the rally continues. Meanwhile, Goldman Sachs emerged as the top institutional holder of XRP ETFs as selling pressure in the XRP market began to ease.

Key Takeaways
  • β†’Bitcoin ETFs attracted $251 million in new inflows, extending their strong March performance.
  • β†’Total Bitcoin ETF inflows for March reached $1.56 billion, indicating sustained institutional interest.
  • β†’Goldman Sachs was revealed as the largest institutional holder among XRP ETF investors.
  • β†’XRP ETF selling pressure showed signs of easing after recent market turbulence.
  • β†’The continued ETF inflows demonstrate growing institutional adoption of cryptocurrency investment vehicles.
Mentioned Tokens
$BTC$69,618β–Ό-1.6%
$XRP$1.38β–Ό-2.0%
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Read Original β†’via CoinTelegraph
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