Bitcoin ETFs shed $261M as XRP funds buck weekly outflow trend

Bitcoin ETFs person recorded $151 cardinal successful nett outflows since Monday, aft investors withdrew $681 cardinal the erstwhile week.

US spot Bitcoin exchange-traded funds (ETFs) returned to nett outflows for the week connected Wednesday arsenic BTC fell beneath $82,000.

Bitcoin ETFs recorded astir $262 cardinal successful outflows connected Wednesday, reversing $176 cardinal successful inflows the time before, according to SoSoValue data. The latest withdrawals brought this week’s nett outflows to $151 cardinal done Wednesday. The funds logged $681 cardinal successful nett outflows past week.

Weekly flows successful US spot Bitcoin ETFs. Source: SoSoValue

The outflows came arsenic Bitcoin continued to diminution aft falling beneath $82,000 pursuing Wednesday’s US ostentation report. Bitcoin traded astatine astir $80,741 astatine the clip of publication, down 3.2% implicit the past 24 hours, according to CoinGecko.

ETFs tracking Ether (ETH), Solana (SOL) and Zcash (ZEC) besides recorded nett outflows for the week done Wednesday. Ether ETFs shed astir $130 cardinal connected Wednesday, bringing play outflows to $190 million. The funds recorded nett outflows of $542 cardinal past week and $138 cardinal the week before.

Solana ETFs recorded $1.3 cardinal successful outflows Wednesday, extending their outflow streak to 8 trading sessions, with $3 cardinal successful withdrawals this week. Zcash ETFs attracted $3.7 cardinal connected Wednesday but remained antagonistic for the week, with $3.2 cardinal successful outflows.

XRP ETFs bucked the trend, attracting astir $740,000 connected Wednesday and remaining the lone class among the 5 tracked to station affirmative nett flows this week.

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