Bitcoin ETFs Face Significant Outflows as XRP Shows Resilience
- Bitcoin ETFs experienced a $282.56 million outflow on Thursday, marking the third consecutive session of declines.
- Cumulative outflows for the week reached $449.44 million, with major issuers like Blackrock and Vaneck seeing significant redemptions.
- Ether ETFs also saw net outflows totaling $29.76 million, led by Fidelity’s FETH with $25.15 million in exits.
- In contrast, XRP ETFs added $5.14 million in inflows, driven entirely by Franklin’s XRPZ fund.
- Solana ETFs recorded a modest outflow of $482,550 despite some inflows from Fidelity’s FSOL.
The pressure on Bitcoin ETFs continues as institutional demand remains under scrutiny with Bitcoin trading near $77,000. Meanwhile, XRP stands out for its positive inflows amid broader ETF market softness.
With Bitcoin ETF outflows reaching nearly half a billion dollars this week, attention turns to whether this trend will persist or reverse in upcoming sessions (Source).
