US spot Bitcoin ETFs returned to net outflows for the week on Wednesday as BTC fell below $82,000. Ether, Solana and Zcash funds also posted weekly outflows, while XRP funds were the only category with positive net flows.
US spot Bitcoin ETFs recorded about $262 million in outflows on Wednesday, reversing $176 million in inflows the day before. The withdrawals pushed this week's net outflows to $151 million through Wednesday, according to SoSoValue data. Last week, the funds logged $681 million in net outflows.
The latest spot Bitcoin ETF withdrawals came as Bitcoin kept falling after the US inflation report on Wednesday. Bitcoin traded at about $80,741 at the time of publication, down 3.2% over the past 24 hours, according to CoinGecko.
Ether, Solana and Zcash funds also lose money
ETFs tracking Ether, Solana and Zcash also recorded net outflows for the week through Wednesday. Ether ETFs shed around $130 million on Wednesday, bringing weekly outflows to $190 million. The funds recorded net outflows of $542 million last week and $138 million the week before.
Solana ETFs recorded $1.3 million in outflows on Wednesday, extending their outflow streak to eight trading sessions, with $3 million in withdrawals this week. Zcash ETFs attracted $3.7 million on Wednesday but remained negative for the week, with $3.2 million in outflows.
XRP funds post the only weekly inflows
XRP ETFs bucked the trend, attracting about $740,000 on Wednesday. They remained the only category among the five tracked to post positive net flows this week.
Source: Cointelegraph
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