Bitcoin ETF Outflows Soar as Ether and XRP Products Attract Fresh Capital
Crypto exchange-traded funds (ETFs) saw diverging flows on Tuesday, as bitcoin products absorbed the heaviest pressure. The day's ETF tape carried a clear message: investors were selective in their crypto risk-taking.
The largest outflow came from Blackrock's IBIT, which recorded $201.18 million in withdrawals, followed by Fidelity's FBTC with $43.67 million in withdrawals. Bitwise's BITB managed to attract $8.38 million, but that was not enough to counter the broader selling.
Ether ETFs added $10.95 million, stretching their inflow run to a 12th session. Blackrock's ETHB led the group with $11.20 million in fresh money, while Fidelity's FETH and Morgan Stanley's MSSE took in $4.81 million and $2.34 million respectively.
XRP ETFs also saw steady demand, bringing in $14.38 million with no reported outflows. Franklin's XRPZ led the way with $6.63 million, followed by Grayscale's GXRP at $4.72 million and Canary's XRPC at $3.03 million.
The flows may offer another useful signal for investors tracking XRP's price. Solana ETFs drew $10.19 million on Tuesday, while HYPE ETFs also finished positive.