Bitcoin ETFs See Recovery While Ether and XRP Fund Inflow Runs Come to Close
After drawing $1.62 billion across 12 trading sessions, Ether ETFs experienced $48 million in withdrawals, as XRP funds saw their 11-day inflow streak conclude.
Exchange-traded funds (ETFs) tracking spot Ether and XRP prices listed in the United States saw their inflow streaks come to an end on Wednesday, signaling a shift following a period of consistent investor demand.
According to data from SoSoValue, spot Ether ETFs witnessed $48 million in net withdrawals on Wednesday, bringing to a close 12 straight trading days of positive inflows. Throughout this streak, the funds had accumulated $1.62 billion in net inflows.
The iShares Ethereum Trust ETF (ETHA) from BlackRock topped the list of Ether fund withdrawals with $53.4 million, while $26.2 million exited the Fidelity Ethereum Fund (FETH) and the Grayscale Ethereum Staking ETF (ETHE) saw $23.5 million in outflows, based on data from Farside Investors. These withdrawals were partially balanced by BlackRock's staked Ether ETF (ETHB), which saw approximately $53 million in net inflows.
XRP ETFs trading on spot markets also registered $7.2 million in net withdrawals, concluding an 11-session streak of positive inflows. During this run, the funds accumulated approximately $170 million, pushing total cumulative XRP ETF inflows to roughly $1.68 billion.
In contrast, Bitcoin ETFs experienced flows in the reverse direction, attracting $101.2 million on Wednesday following net withdrawals of $236.5 million the previous day.
This reversal in ETF flows occurred alongside declining cryptocurrency prices, with Ether experiencing the steepest losses over the preceding seven days at 3.4%, while XRP declined 2.4% and Bitcoin fell 1.3%, based on CoinGecko data. As of publication time, the three cryptocurrency assets were trading at $2,407, $1.36 and $77,744, respectively.