XRP spot ETFs recorded net inflows of $2.2 million on April 28, while Bitcoin and Ethereum spot ETFs saw net outflows of $89.68 million and $21.8 million, respectively. The Polymarket contract for Bitcoin reaching $80,000 in April sits at 18% YES, down from 26% just 24 hours ago.
Market reaction
The Bitcoin April 80k market dropped 37 points at 12:23 PM, falling from 56% to 18%. This collapse in odds tracks with the cooling institutional demand visible in the ETF outflow data as April ends. The Bitcoin 200k market sits at 5% YES, showing little confidence in longer-term price targets.
Ethereum isn’t faring much better. Ethereum’s market for April 30 was expected to hold at 100% YES for crossing $2,000, but the $21.8 million in ETF outflows point to waning enthusiasm. The outflows may reflect broader risk-off sentiment in crypto markets.
Why it matters
XRP’s $2.2 million in inflows on the same day that BTC and ETH both bled capital is notable. This divergence could stem from investor rotation out of BTC and ETH into XRP, or from dynamics specific to XRP’s market. Either way, the overall trend in major crypto ETFs points to skepticism about near-term price surges.
What to watch
The XRP inflows are unlikely to change the bearish picture around Bitcoin and Ethereum on their own. For contrarian bets, buying YES at 18¢ pays $1 if Bitcoin hits $80,000 in April, a potential 5.5x return. That bet requires a sharp sentiment reversal very soon. Watch for ETF flow updates from BlackRock and Fidelity, and any unexpected catalysts like a dovish Fed signal or crypto-friendly regulatory moves that could shift institutional positioning.
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Source: https://cryptobriefing.com/xrp-etfs-see-22m-inflows-as-bitcoin-ethereum-etfs-face-outflows/
