Bitcoin ETFs Lose $486M as XRP Reports First Outflows
Bitcoin ETFs Shed $486 Million as XRP Sees First-Ever Outflows
U.S. spot crypto exchange-traded funds (ETFs) came under broad pressure midweek as risk appetite softened and major tokens moved sharply lower.
Bitcoin-focused ETFs led the retreat, shedding $486 million in net outflows. The pullback coincided with a sharp decline in both bitcoin and ether, weighing on sentiment across the category.
One notable development came from XRP-linked products. XRP recorded its first-ever day of net outflows, marking a shift after a period in which flows had not turned negative on a daily basis. The move added to the sense of widespread caution across crypto ETFs during the session.
Solana stood out as the exception. While bitcoin, ether, and XRP products saw money leave, solana-linked ETFs were described as the only area in positive territory.
The midweek activity reflects how closely ETF flows can track broader market moves. When major assets sell off sharply, ETFs often see redemptions as investors reduce exposure, making daily flow data a useful snapshot of positioning and sentiment in regulated crypto investment products.
