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Bitcoin and Ethereum Exchange-Traded Funds Face Outflows
Bitcoin spot (ETFs) saw outflows totaling $130 million on Wednesday, ending seven consecutive days of inflows. These outflows appear to reflect the pullback following the Federal Reserve's hawkish stance.
Total inflows reached $56.41 billion, with average net assets of $94.83 billion, indicating that long-term risk appetite remains intact.
Bitcoin ETF Flows | Source: SoSoValue
Ethereum spot exchange-traded funds shifted course on Wednesday, recording outflows of approximately $56 million after six days of inflows. Total net assets under management stand at $11.91 billion, while cumulative average inflows total $13.34 billion.
Ethereum ETF Outflows | Source: SoSoValue
Meanwhile, activity in XRP spot exchange-traded funds remained weak on Wednesday, with no flows recorded, according to SoSoValue data. Total inflows reached $1.21 billion, while average net assets under management totaled $1.02 billion.
XRP ETF Flows | Source: SoSoValue
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