XRP ETFs buck trend, Bitcoin ETFs shed $261M as outflows persist
Key Summary
US Bitcoin ETFs have recorded $151 million in net outflows since Monday, with XRP ETFs bucking the trend by attracting $740,000. The outflows come as Bitcoin continues to decline, with the asset falling below $82,000. Ethereum, Solana, and Zcash ETFs also recorded net outflows, while XRP ETFs remain the only category to post positive net flows this week.
Market Update
Bitcoin ETFs have recorded $151 million in net outflows since Monday, according to SoSoValue data. The latest withdrawals brought this week’s net outflows to $151 million through Wednesday. The funds logged $681 million in net outflows last week.
XRP ETFs Buck Trend
XRP ETFs bucked the trend by attracting about $740,000 on Wednesday and remaining the only category among the five tracked to post positive net flows this week.
Other ETFs Outperform
Ethereum ETFs shed around $130 million on Wednesday, bringing weekly outflows to $190 million. The funds recorded net outflows of $542 million last week and $138 million the week before. Solana ETFs recorded $1.3 million in outflows Wednesday, extending their outflow streak to eight trading sessions, with $3 million in withdrawals this week. Zcash ETFs attracted $3.7 million on Wednesday but remained negative for the week, with $3.2 million in outflows.
Market Impact
The outflows come as Bitcoin continues to decline, with the asset falling below $82,000. Bitcoin traded at about $80,741 at the time of publication, down 3.2% over the past 24 hours, according to CoinGecko.
SoSoValue, CoinGecko, Bitcoin, Ethereum, Solana, Zcash, XRP
Regulatory Enforcement
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US Bitcoin ETFs have recorded $151 million in net outflows since Monday. XRP ETFs bucked the trend by attracting $740,000. * Bitcoin continues to decline, with the asset falling below $82,000.