Live updates: XRP funds stand out among U.S. ETFs as bitcoin, ether, solana funds see outflows
U.S. spot bitcoin and ether ETFs experienced net outflows recently, with Grayscale products seeing the most significant redemptions. Conversely, XRP funds have shown resilience, standing out against the broader trend of capital exiting major cryptocurrency investment vehicles.
Why it matters
The performance of crypto ETFs serves as a key indicator of institutional investor sentiment and market liquidity in the digital asset space.
Everything larger went the other way, and Grayscale did most of the damage. U.S. spot bitcoin ETFs lost about $47 million, with GBTC alone accounting for $66 million of redemptions. BlackRock's IBIT, Bitwise's BITB, Ark and 21Shares' ARKB and Morgan Stanley's MSBT added roughly $41 million between them.
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