Bitcoin ETFs Lose $261M as XRP Funds Buck Weekly Trend
US spot Bitcoin ETFs posted about $261 million in outflows Wednesday, taking weekly losses to $151 million. XRP ETFs were the only one of five tracked categories with positive weekly flows.
US spot Bitcoin exchange-traded funds recorded about $261 million in net outflows Wednesday, bringing their weekly net outflows to $151 million, according to SoSoValue data. XRP funds were the only one of five tracked ETF categories with positive weekly flows.
The withdrawals reversed $176 million in inflows recorded by Bitcoin ETFs Tuesday. The funds posted $681 million in net outflows last week.
The latest outflows came after Bitcoin fell below $82,000 following the release of a US inflation report. Bitcoin traded at about $80,741, down 3.2% over 24 hours, at the time of publication, according to CoinGecko.
Ether ETFs recorded about $130 million in outflows Wednesday, bringing their weekly outflows to roughly $190 million. The funds posted $542 million in net outflows last week and $138 million the week before.
Solana ETFs recorded about $1.3 million in outflows Wednesday, extending their outflow streak to eight trading sessions. They have lost about $3 million this week.
Zcash ETFs attracted approximately $3.7 million Wednesday but remained negative for the week, with net outflows of about $3.2 million. XRP ETFs took in around $740,000 Wednesday and remained the only category among the five tracked to post positive net flows this week.
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