U.S. Bitcoin ETFs Experience Significant Outflows Amidst Selective Inflows
- Bitcoin ETFs lost $46.65 million on Tuesday, indicating a reduced appetite for risk.
- Grayscale’s GBTC experienced a significant outflow of $65.51 million.
- Ether ETFs saw net outflows of $24.29 million, with Grayscale’s Ether Mini Trust losing $24.61 million.
- XRP funds were the only gainers, posting inflows of $1.55 million into Franklin’s XRPZ.
- The first U.S.-listed TRX ETF launched on Cboe under the ticker TRXS.
Tuesday’s trading session highlighted a cautious start to the week for crypto ETFs, with broad outflows in major categories except for XRP funds which attracted modest inflows, signaling selective investor interest amidst overall market caution.
Despite the broader selloffs in Bitcoin and Ether ETFs, XRP managed to attract positive flows, suggesting some investor confidence in its potential amidst a generally cautious market environment (Source).
