End of ETF Inflow Streaks for Ether and XRP Amid Price Declines
- Spot Ether ETFs saw $48 million in net outflows on Wednesday, ending a streak of 12 consecutive days of inflows.
- During the inflow streak, spot Ether ETFs attracted $1.62 billion.
- Spot XRP ETFs recorded $7.2 million in net outflows, halting an inflow streak that lasted for 11 sessions.
- The XRP inflow streak brought in approximately $170 million, raising total XRP ETF inflows to about $1.68 billion.
- In contrast, Bitcoin ETFs gained $101.2 million on Wednesday after experiencing $236.5 million in outflows the previous day.
- Cryptocurrency prices fell, with Ether down by 3.4%, XRP by 2.4%, and Bitcoin by 1.3% over the past week.
The end of the inflow streaks for both Ether and XRP reflects a broader decline in cryptocurrency prices, impacting investor sentiment and fund flows significantly.
On Wednesday, Ether ETFs faced a notable shift with $48 million in outflows after a significant period of demand, while Bitcoin funds rebounded with an inflow of $101.2 million.(Source)
