Crypto Market Rebounds as BTC Nears $89K, ETF Inflows Surge

• Spot Crypto ETFs listed significant inflows on December 30, indicating a return of institutional demand. 
• ETF flow recovery indicated to have stabilised the crypto prices and brought the interest of the markets back even after the continued events of outflows. 

As this year is about to end, the crypto prices are also recovering, indicating gains across prominent tokens. Over a 2% surge has been noticed on December 31, and tokens like BTC, ETH and SOL are leading this recovery. 

The signs of recovery have been witnessed after several weeks of fall, and investor optimism has also boosted before the onset of the new year. The price of Bitcoin is hovering near $89,000 after a long time of consolidation. Ether attained the highest level of $2,900, and other tokens such as XRP and Solana also bagged over 2%. 

Other altcoins such as Canton (CC) bagged 14%, and Humanity Protocol also accumulated 12%. Lighter DEX’s LIT token witnessed a 25% push in a positive price movement. This further pushed other tokens to surge, which had been drained by increased profit-selling and regulatory apprehension previously in the quarter. 

The Significant Recovery 

Talking about spot crypto ETFs, it also listed significant inflows on December 30, indicating a return of institutional demand. The Sosovalue report shows that there was a net inflow of $428 million into BTC, ETH and SOL ETFs. 

Bitcoin only generated $355 million; meanwhile, ETH and XRP were in second and third place by generating 68 and 15.5 million, respectively. SOL ETFs accounted for inflows of $5.2 million. 

ETF flow recovery indicated to have stabilised the crypto prices and brought the interest of the markets back even after the continued events of outflows. Such aggressive growth is also an indicator of increased interest in altcoins and that there may be a full altseason. 

To further boost the optimism, Bitwise gave 11 additional crypto ETFs, including AAVE, UNI, ZEC, CC and many more. On the last day, Greyscale also filed for its first U.S. Bittensor ETF, elevating the optimism of the market. 

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