Ether and XRP ETFs Extend Outflows as Bitcoin Reclaims $77K and Zcash Fund Adds $47M
AI Market Summary
Spot ether ETFs extended a three-day streak of net outflows while bitcoin ETFs saw sizable inflows, highlighting a near-term rotation in institutional demand across major crypto exposure vehicles. Despite withdrawals, ETH prices held up alongside broader risk-on moves as equities and bonds rallied on falling oil and easing yields after the Fed hike. XRP funds also posted outflows, while ZEC inflows stood out as an idiosyncratic flow trend.
Impact level
● Medium
Affected assets
ETH/USDT+1.74%
AI Insight · ETH/USDTAI Insight
● Neutral
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U.S. spot digital asset exchange-traded funds diverged on Thursday as spot Ether products extended redemptions to a third consecutive session with $39 million in net outflows, according to data from SoSoValue. The withdrawals followed heavy liquidations of $224 million on Wednesday and $141 million on Tuesday, even as spot Ether gained 2% to trade near $2,470. Spot Bitcoin ETFs rebounded sharply, attracting $159 million in net subscriptions as Bitcoin advanced past $77,200, while the sole U.S. Zcash fund registered a standout $47 million inflow. Broader financial markets rallied in tandem with softening crude oil benchmarks below $105 per barrel, snapping an eight-day rise in 10-year Treasury yields and lifting equity indices one day after the Federal Reserve's first rate increase since 2023.
