Bitcoin and Ether ETFs Face Outflows, While XRP and HYPE Gain
- Bitcoin ETFs experienced $315.84 million in net outflows from June 8 to June 12.
- Blackrock’s IBIT saw a significant weekly loss of $355 million.
- Ether ETFs recorded $14.91 million in net outflows over the week.
- XRP ETFs gained $10.68 million, showing strong investor interest.
- HYPE ETFs attracted $5.87 million in inflows, indicating selective demand.
- Solana ETFs faced $2.58 million in net outflows by week’s end.
The cryptocurrency ETF market showed mixed results this week, with Bitcoin ETFs and Ether funds struggling to regain momentum amid easing selling pressure, while XRP and HYPE funds saw positive inflows due to specific investor demand.
Despite the overall negative trend for Bitcoin and Ether funds, the reduced outflow levels compared to previous weeks indicate a more balanced market sentiment, as highlighted by XRP’s $10.68 million gain and HYPE’s resilience with $5.87 million in inflows.(Source)
