Ether and XRP ETFs post outflows as bitcoin moves above $77,000
Bitcoin ETFs saw significant inflows while Ether and XRP funds experienced outflows as Bitcoin prices climbed above $77,000. Broader financial markets also rallied following Federal Reserve interest rate adjustments.
Why it matters
Illustrates the shifting investor sentiment in cryptocurrency markets and the correlation between digital assets and traditional macroeconomic indicators.
XRP funds lost about $5 million, reversing a small inflow the day before. Bitcoin ETFs took in roughly $159 million, and the single U.S. Zcash fund added nearly $47 million, its strongest showing yet in a month that has brought it more than $230 million.
Over 30 days the ether funds remain more than $1.5 billion ahead and bitcoin nearly $2.5 billion.
Zcash led the majors again at 10% higher to about $1,488, with hyperliquid's HYPE close behind at nearly 10% to just above $86. Solana gained 5% to nearly $105 and BNB nearly 4% to about $750. Dogecoin rose about 4%, ether and XRP 2% each, and bitcoin more than 1% to about $77,216, according to CoinDesk data. Tron was the only major that barely moved.
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